Regional Rural Banks in India – RRBs

regional rural banks RRBs

Regional Rural Banks

Regional Rural Banks are those commercial banks in India that function in various states at regional levels.RRBs provides essential financial & banking services in the rural area for the people in India. However, RRBs also have many branches in urban areas as well. RBI is the central banking managing all banks in India & licenses new Banks once it clears all guidelines.

Formation of Regional Rural Banks

United Bank of India Sponsoring the few of Regional Rural Banks. Mainly, the RRB’s focus on providing credit facility through banking for the people in agricultural sectors & rural sector. The Regional Rural Bank started developing from 2nd October of 1975 & this was the first Regional Rural Bank opened on this date and five other RRBs were also set up in different rural regions of the country.

Any commercial bank can sponsor for Regional Rural Banks. It was clearly defined at the time of its introduction that 50% of the share of any Regional Rural Bank will be owned by the Central Government. State Government will own 15%, and Sponsor Banks will own 35% of shares respectively of Regional Rural Banks.

Functions performed by Regional Rural Banks

  1. It offers banking services to semi-urban and rural areas.
  2. RRB provides Para-Banking services such as locker facilities, credit and debit cards, etc.
  3. It carries out government operations such as pension distribution, wages’ disbursement to MGNREGA workers.

 List of Regional Rural Banks in India

State

Regional Rural Bank Name

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 Uttar Bihar Gramin Bank
Madhya Bihar Gramin Bank
Bihar Gramin Bank
Chhattisgarh Chhattisgarh Rajya Gramin Bank
Gujarat Dena Gujarat Gramin Bank
Baroda Gujarat Gramin Bank
Saurashtra Gramin Bank
Haryana Sarva Haryana Gramin Bank
Himachal Pradesh Himachal Pradesh Gramin Bank
Jharkhand Jharkhand Gramin Bank
Vananchal Gramin Bank
Jammu & Kashmir Jammu And Kashmir Grameen Bank
Ellaquai Dehati Bank
Karnataka Kaveri Grameena Bank
Karnataka Vikas Grameena Bank
Pragathi Krishna Gramin Bank
Kerala Kerala Gramin Bank
Madhya Pradesh Narmada Jhabua Gramin Bank
Central Madhya Pradesh Gramin Bank
Madhyanchal Gramin Bank
Maharashtra Maharashtra Gramin Bank
Vidarbha Kokan Gramin Bank
Manipur Manipur Rural Bank
Meghalaya Meghalaya Rural Bank
Mizoram Mizoram Rural Bank
Nagaland Nagaland Rural Bank
Odisha Odisha Gramya Bank
Utkal Grameen Bank
Punjab Punjab Gramin Bank
Malwa Gramin Bank
Sutlej Gramin Bank
Puducherry Puduvai Bharathiar Grama Bank
Rajasthan Baroda Rajasthan Kshetriya Gramin Bank
Marudhara Rajasthan Gramin Bank
Tamil Nadu Pandyan Grama Bank
Pallavan Grama Bank
Telangana Andhra Pradesh Grameena Vikas Bank
Telangana Grameena Bank
Tripura Tripura Gramin Bank
Uttar Pradesh Sarva UP Gramin Bank
Prathama Bank
Allahabad UP Gramin Bank
Baroda UP Gramin Bank
Gramin Bank Of Aryavrat
Kashi Gomti Samyukt Gramin Bank
Purvanchal Bank
Uttarakhand Uttarakhand Gramin Bank
West Bengal Bangiya Gramin Vikash Bank
Paschim Banga Gramin Bank
Uttarbanga Kshetriya Gramin Bank

 

Reference link:  https://en.wikipedia.org/wiki/Regional_Rural_Bank