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Regional rural banks

Regional rural banks

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Published by shivakumar N

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Categories:Types, Business/Law
Published by: shivakumar N on Oct 19, 2009
Copyright:Attribution Non-commercial


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Regional Rural Banks (RRBs)
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Rural banking in India started since the establishment of bankingsector in India.RRBs were set up after nationalizations of banks in 1969 whenemphasis shifted to providing more credit to weaker sections.Regional Rural Banks were established under the provisions of anOrdinance promulgated on the 26th September 1975 and theRRB Act, 1976 with an objective to ensure sufficient institutionalcredit for agriculture and other rural sectors.Rural Banks in those days mainly focussed upon the agro sector.Regional rural banks in India penetrated every corner of thecountry and extended a helping hand in the growth process of thecountry.

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