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Our Bureau

Kolkata , March 17

UNITED Bank of India is in favour of merging nine of its 11 RRBs (regional rural banks) on State-wise basis.

"Our board has approved the merger proposal and we've recommended it to the Government," Mr K.N. Prithviraj, Executive Director of the bank, told Business Line.The bank has a total of 11 RRBs - five in West Bengal, four in Assam and one each in Tripura and Manipur. "Only the RRBs in West Bengal and Assam will be merged into a single entity in each State while those in Tripura and Manipur will be left untouched," Mr Prithviraj said.

The bank's nine RRBs identified for merger together have 900 branches (545 in West Bengal and 355 in Assam) spread over 34 districts (12 in West Bengal and 22 in Assam) and employing 4,979 (3,193 in West Bengal and 1,786 in Assam). The accumulated loss of West Bengal-based RRBs amounts to Rs 169 crore and those in Assam at Rs 67 crore. The credit-deposit ratios, on an average, are 38 per cent of West Bengal RRBs and 39 per cent for those in Assam.

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