<Li> Chief Manager / Regional Managers </Li> <Li> Officer / Assist </Li> <P> Currently, RRB's are going through a process of amalgamation and consolidation . 25 RRBs have been amalgamated in January 2013 into 10 RRBs . This counts 67 RRBs till the first week of June 2013 . This counts 56 as of March 2015 . On 31 March 2016, there were 56 RRBs (post-merger) covering 525 districts with a network of 14,494 branches . All RRBs were originally conceived as low cost institutions having a rural ethos, local feel and pro poor focus . However, within a very short time, most banks were making losses . The original assumptions as to the low cost nature of these institutions were belied . This may be again amalgamated in near future . At present there are 56 RRBs in India . </P> <P> RRB are recognized by the law and they have legal significance . The Regional Rural Banks Act, 1976 Act No. 21 Of 1976 (9 February 1976 .) reads </P>

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