Social Sciences, asked by shreshthajaiswal860, 10 months ago

make a project on Rural Bank.​

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Answered by iamsupriya
4

Answer:

Hope this definition helps you..

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Answered by venom74
6
Regional Rural Banks(RRBs) are Indian Scheduled Commercial Banks (Government Banks) operating at regional level in different States of India. They have been created with a view of serving primarily the rural areas of India with basic banking and financial services. However, RRBs may have branches set up for urban operations and their area of operation may include urban areas too.

Regional Rural Banks (RRBs)
Kerala Gramin Bank logo.jpgPaschim-banga-gramin-bank-squarelogo-1475146572988.pngPbgblogo.jpgAP Grameena Vikas Bank.jpg
Type
Public
Industry
Banking, financial services
Founded
2nd October,1975,Gandhi Jayanti.
Number of locations
21398(as on 2017)
Products
Retail banking, corporate banking, investment banking, mortgage loans, wealth management, debit cards, upi,internet Banking,mobile banking, finance and insurance
Owner
Government of India (50%),
Sponsor Banks (35%),
State Governments (15%)
The area of operation of RRBs is limited to the area as notified by Government of India covering one or more districts in the State. RRBs also perform a variety of different functions. RRBs perform various functions in following heads:

Providing banking facilities to rural and semi-urban areas.
Carrying out government operations like disbursement of wages of MGNREGA workers, distribution of pensions etc.
Providing Para-Banking facilities like locker facilities, debit and credit cards,mobile banking,internet banking,UPI etc.
Small financial banks.

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