As of 2016, the present number of RRBS in India is?

a. 137

b. 82

c. 56

d. 65

ANSWER: 56

Explanation:

At present, there are 56 RRBs in India.

Currently, RRB's are going through a process of amalgamation and consolidation.

First phase of amalgamation was initiated Sponsor Bank-wise within a State in 2005,

and the second phase was across the Sponsor banks within a State in 2012.

All RRBs were originally conceived as low cost institutions having a rural ethos, local feel and pro poor focus.

However, within a short time, most banks were making losses.

This may be again merged in near future.