Regional Rural Bank
In 1969 after Nationalization of Banks in India the Banking system started to boost. RRB-Regional Rural Bank is a commercial bank which is owned by our Indian Government. Regional Rural Bank has takes part in the development of our Indian economy. Regional Rural Bank designed to develop the rural areas of India.
Now a day banking exams are more difficult to clear. It may seem impossible but it does not have to be. Academic knowledge is no longer sufficient to become a Banker. Read more articles which is related to banking syllabus. Here we have listed State wise Regional Rural Banks in India. Details follows.
List of Regional Rural Bank
|Name of Regional Rural Bank||Location of Headquarter|
|Andhra Pradesh (AP)|
|Andhra Pradesh Grameena Vikas Bank||Warangal|
|Andhra Pragathi Grameena Bank||Kadapa|
|Chaitanya Godavari Grameena Bank||Guntur|
|Saptagiri Grameena Bank||Chittoor|
|Arunachal Pradesh Rural Bank||Naharilagun|
|Assam Gramin Vikash Bank||Guwahati|
|Langpi Dehangi Rural Bank||Diphu|
|Bihar Gramin Bank||Begusarai|
|Madhya Bihar Gramin Bank||Patna|
|Uttar Bihar Gramin Bank||Muzaffarpur|
|Chhattisgarh Rajya Gramin Bank||Raipur|
|Baroda Gujarat Gramin Bank||Bharuch|
|Dena Gujarat Gramin Bank||Gandhinagar|
|Saurashtra Gramin Bank||Rajkot|
|Sarva Haryana Gramin Bank||Rohtak|
|Himachal Pradesh Gramin Bank||Mandi|
|Jammu and Kashmir|
|Ellaquai Dehati Bank||Srinagar|
|J&K Grameen Bank||Jammu|
|Vananchal Gramin Bank||Dumka|
|Jharkhand Gramin Bank||Ranchi|
|Kaveri Grameena Bank||Mysore|
|Karnataka Vikas Grameena Bank||Dharwad|
|Pragathi Krishna Grameena Bank||Bellary|
|Kerala Gramin Bank||Malappuram|
|Narmada Jhabua Gramin Bank||Indore|
|Madhyachal Gramin Bank||Sagar|
|Central Madhya Pradesh Gramin Bank||Chhindwara|
|Manipur Rural Bank||Imphal|
|Meghalaya Rural Bank||Shillong|
|Mizoram Rural Bank||Aizawl|
|Nagaland Rural Bank||Kohima|
|Odisha Gramya Bank||Bhubaneswar|
|Utkal Grameen Bank||Balangir|
|Puduvai Bharathiar Grama Bank||Muthialpet|
|Malwa Gramin Bank||Sangrur|
|Punjab Gramin Bank||Kapurthala|
|Sutlej Kshetriya Gramin Bank||Bathinda|
|Baroda Rajasthan Kshetriya Gramin Bank||Ajmer|
|Rajasthan Marudhara Gramin Bank||Jodhpur|
|Pallavan Grama Bank||Salem|
|Pandyan Grama Bank||Virudhunagar|
|Telangana Grameena Bank||Hyderabad|
|Andhra Pradesh Grameena Vikas Bank||Warangal|
|Tripura Gramin Bank||Agartala|
|Allahabad UP Gramin Bank||Banda|
|Gramin Bank of Aryavart||Lucknow|
|Ballia Kshetriya Gramin Bank||Ballia|
|Baroda Uttar Pradesh Gramin Bank||Rae Bareli|
|Kashi Gomti Samyut Gramin Bank||Varanasi|
|Sarva UP Gramin Bank||Meerut|
|Purvanchal Gramin Bank||Gorakhpur|
|Uttarakhand Gramin Bank||Dehradun|
|Bangiya Gramin Vikash Bank||Berhampur|
|Paschim Banga Gramin Bank||Howrah|
|Uttar Banga Kshetriya Gramin Bank||Coochbehar|
About Regional Rural Bank
Dear Aspirants, Here we have given the Important Information About Regional Rural Bank. Candidates those who are preparing for IBPS, RBI, SBI and all other competitive exams can use this.
Functions of Regional Rural Banks (RRBs):
Regional Rural Banks are local level banking operations in all states of India. They have been created with a view to serve primarily the rural areas of the country with basic banking and financial services. However, Regional Rural Bank may have branches set up for urban operations and their area of operation may include urban areas too.
Main objective of Regional Rural Banks:
- Providing banking facilities to rural and semi-urban areas.
- Distribution of pensions, carrying out government operations like disbursement of wages of MGNREGA workers and etc,.
- Providing Para-Banking facilities like locker facilities, debit and credit cards.
- To save the rural poor people from the moneylenders.
- To increase employment opportunities by encouraging trade and commerce in rural areas.
- To encourage entrepreneurship in rural areas.
History of Regional Rural Banks:
Regional Rural Banks were established under the provisions of an Ordinance passed in September 1975 and the Regional Rural Bank Act 1976 to provide sufficient banking and credit facility for agriculture and other rural sectors. During the tenure of Indira Gandhi’s government with a view to include rural areas into economic mainstream since that time about 70% of the Indian Population was of Rural.
Regional Rural Banks (RRB’s) Genesis:
The development process of RRBs started on 2 October 1975 five regional rural banks were set up with a total authorized capital Rs. 100 crore. The first RRB, the Prathama Bank with authorised capital of Rs. 5 crore at its starting on 2 October 1975. Syndicate Bank sponsored the first Regional Rural Bank in India by name Prathama Bank, in Moradabad district Uttar Pradesh.
Ownership of Regional Rural Bank:
The Regional Rural Banks were owned by the Central Government, the State Government and the Sponsor Bank (Any commercial bank)
Sponsor Bank have the power of managerial and operational supervision of the RRBs. Whereas, Performance monitoring and regulatory supervision is done by NABARD.
The RRBs are owned by the Central government, the State government and the Sponsor Bank. The ratio of their shares is:
- Central Government – 50%
- State government – 15%
- Sponsor Bank – 35%
Recapitalization of Regional Rural Banks
- With a view to bringing the CRAR to at least 9 percent, the KC Chakrabarty Committee has recommended recapitalization support to the extent of Rs. 2,200 crore to 40 RRBs across 21 States.
- The recapitalization process had started in 2010-11. The share of the Centre in respect of some RRBs could not be released in the absence of the release of the share of State Governments. The scheme was extended to March 31, 2014.
- A total of Rs. 1,087 crore had been released as on march 31, 2014, to 39 RRBs, including Central Madhya Pradesh Gramin Bank.
- “The Centre is now widely expected to go in for Supplementary Demand for Grants to provide forther funds to the RRBs that require capital support.
- The Financial Ministry is gearing up to seek Parliamentary nod for additional capital infusion of about Rs. 12,000 crore inpublic sector banks (PSBs),which is expected to be done through Supplementary Demand for Grants in the upcoming Monsoon session of Parliament.
- Finance Secretary Rajiv Mehrishi had recently said that the Centre was likely to infuse additional capital to the tune of Rs. 11,500 crore in PSBs this fiscal, over and above the Rs. 7,800 crore earmarked in this year’s Budget.
Amalgamation of Regional Rural Banks:
In 1975, the number of total Regional Rural Banks is only 6. It will be increased to maximum with 196 banks in 1990. Due to the financial crisis and poor performance by the RRBs, some of the banks were merged with some other RRBs. Finally the number of RRBs is 56 now.
|Year||Number Of RRBs|
Structure of the Regional Rural Bank:
The organizational structure of the RRBs is given below:
- Board of Directors
- Chairman & Managing Director
- General Manager
- Chief Manager/Regional Managers
- Senior Manager
- Officer / Assist
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