Regional rural banks are local level banking organizations operating in different states of india they have been created with a view to serve primarily the rural areas of india with basic banking. The state bank of india is one of the major commercial banks having regional rural banks there are 30 regional rural banks in india, under the state bank of india and it is spread in 13 states across india. Regional rural banks in india were established in 1975 with the recommendations of the narshimham committee under rrb act 1976 the major challenges to regional rural banks ( rrbs) is to provide basic banking services to rural and sub urban areas of various states of india, but rrbs in india can. Regional rural banks are local level banking organizations operating in different states of india they have they have been created with a view to serve primarily the rural areas of india with basic banking and financial services. Regional rural banks (rrbs) are scheduled government banks that operate at the regional level in the different states of india they function to serve primarily the rural areas of india providing the basic banking and financial services.
Regional rural banks (rrbs) list of regional rural banks in india: andhra pradesh andhra pragathi grameena bank chaitanya godavari grameena bank saptagiri grameena bank assam assam gramin vikash bank langpi dehangi rural bank arunachal pradesh arunachal pradesh rural bank bihar. Regional rural banks(rrbs) pension regulations 2018 the rrb pension regulations 2018 framed by nabard having many distortions and violative of court orders have been approved by the bod of some rrbs and all rrbs have to get the same approved by 03112018. An overview of indian regional rural banks (rrbs) in india rural people such as small and marginal farmers, landless agricultural laborers, artisans and socially and economically backward castes and classes they have been exploited in the name of credit facility by informal sector.
Regional rural banks in india excellence education this is the official website of excellence excellence is a one stop institute for job seekers that provides most relevant and up-to-date information on bank and bank jobsthis website posts and podcasts concepts and expected questions of different banking exams like ibps,rbi,rrb,sbi,rbi and. Bank of india and presently working from the patna office of the bank the views regional rural banks have been in existence for around three decades in the indian financial scene inception of regional rural banks (rrbs) can be seen as a unique experiment as well as experience in. Regional rural banks came into existence on gandhi jayanti in 1975 with the formation of a prathama grameen bank the rural banks had the legislative backing of the regional rural banks act 1976 this act allowed the government to set up banks from time to time wherever it considered necessary. Regional rural banks are also a part of financial structure of india, reserve bank of india is the official governing bodies to monitor indian financial structure regional rural banks in india are sponsored by nationalised banks to expand banking services into rural areas. Bank-wise number of regional rural bank (rrb) staff trained in india (2010-2011 to 2012-2013) quarterly liabilities and assets of local area banks in india (july 2008 to september 2013) selected state/bank-wise list of amalgamated regional rural banks in india (as on september 02,2013.
Name of regional rural bank sponsor bank head office paschim banga gramin bank uco bank howrah, west bengal vidharbha konkan gramin bank bank of india nagpur, maharashtra vananchal gramin bank state bank of india dumka, jharkhand. These regional rural banks (rrbs) have been receiving a high degree of importance and attention in the rural credit system considering the gross absence of banking facilities in the rural areas of the country, the reserve bank of india in consultation with the central government, state governments and some major nationalized sponsored banks had set up some regional rural banks in the late. The government of india set up regional rural banks (rrbs) on october 2, 1975 the banks provide credit to the weaker sections of the rural areas, particularly the small and marginal farmers, agricultural laborers, artisans and small entrepreneurs initially, five rrbs were set up on october 2, 1975.
Regional rural banks are surviving from last 41 years in the indian financial storyline commencement of regional rural banks (rrbs) can be seen as a unique trial as well as experience in ameliorating the dexterity of rural credit delivery appliance in india. Regional rural banks regional rural banks are those commercial banks in india that function in various states at regional levelsrrbs provides essential financial & banking services in the rural area for the people in india. Growth of regional rural banks in india regional rural banks (1975) were set up exclusively for the small, marginal farmers, agricultural labourers, artisans and small entrepreneurs for development of agriculture, trade, commerce, and other productive activities also grameen banks are state sponsored and work in.
Regional rural banks – an overview history of rrbs: a regional rural bank is popularly known as gramin bank the development process of rrbs started with the promulgation of an ordinance promulgated on 26th september 1975 (which later on was and artisans of rural india. National bank for agriculture and rural development (nabard) is a development bank in the sector of regional rural banks in india it provides and regulates credit and gives service for the promotion and development of rural sectors mainly agriculture, small scale industries, cottage and village industries, handicrafts. Regional rural banks are local level banking organizations operating in different states of india they have been created with a view to serve primarily the rural areas of india with basic banking and financial services. Latest bank jobs 2018 india: find bank po jobs 2018, clerical jobs in banks 2018 and other banking jobs in india ibps cwe for regional rural bank ibps cwe qna export-import bank of india.