How many rrb in up
In India, Regional Rural Banks are commercial banks that operate in rural areas across the country. The Regional Rural Banks RRBs were established in under the provisions of the Ordinance promulgated on September 26, , and the Regional Rural Banks Act, , with the purpose of improving the rural economy by providing credit and other facilities, especially to small businesses, for the development of agriculture, trade, commerce, industry, and other productive activities in rural areas.
The Regional Rural Banks were founded with the aim of developing banking institutions that could also serve as commercial enterprises in rural areas. RRBs offer financial assistance to various segments of the rural population engaged in rural activities in order to achieve these goals.
Regional Rural Banks are expected to operate within a specific geographic area for which they have been founded. Since RRBs are also allowed to open branches or appoint agencies within their designated areas, it is appropriate for them to locate their Head Office in the central location of their notified area of operation. It is the responsibility of a sponsor bank to aid and support the RRB that it sponsors.
The primary goal of establishing RRBs in India was to provide relief to people living in rural areas by providing the required banking information and services. Following is the list of Regional Rural Banks in India, organized by state, along with their sponsor banks and head offices:.
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