REGIONAL RURAL BANKS (RRBs)
- Established in 1975.
- Paid-up capital of each rural bank vary from Rs 25 lakh to Rs 1 crore contributed by Central Government, State Government and Public-sector commercial banks in the ratio of 50: 15: 35.
- Authorised capital of RRB is Rs 5 cr.
- Now they numbered 196, with about 14,485 branches covering 492 districts.
- The commercial banks (nationalised) are responsible for the actual setting up of RRBs. Thus the RRBs are also public sector banks.
- RRBs are working in all states of the country except Sikkim and Goa.
- The sponsoring banks lend them funds and advise and train their senior staff.
- NABARD gives them (RRBs) short-term and medium-term loans.
- Other sources of finance are SIDBI, deposits.
- They get guarantee cover against deposits and credit from DICGC on the pattern of commercial banks.
- Objective: rural development.
- Presently 58 RRBs in India
- Established in 1975.
- Paid-up capital of each rural bank vary from Rs 25 lakh to Rs 1 crore contributed by Central Government, State Government and Public-sector commercial banks in the ratio of 50: 15: 35.
- Authorised capital of RRB is Rs 5 cr.
- Now they numbered 196, with about 14,485 branches covering 492 districts.
- The commercial banks (nationalised) are responsible for the actual setting up of RRBs. Thus the RRBs are also public sector banks.
- RRBs are working in all states of the country except Sikkim and Goa.
- The sponsoring banks lend them funds and advise and train their senior staff.
- NABARD gives them (RRBs) short-term and medium-term loans.
- Other sources of finance are SIDBI, deposits.
- They get guarantee cover against deposits and credit from DICGC on the pattern of commercial banks.
- Objective: rural development.
- Presently 58 RRBs in India
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