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
- It offers banking services to semi-urban and rural areas.
- RRB provides Para-Banking services such as locker facilities, credit and debit cards, etc.
- 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