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List of Regional Rural Banks | Current Affairs & General Knowledge - CLAT PDF Download

Regional Rural Banks (RRBs) 

They are scheduled Commercial banks (Government banks) operating at the regional level in the different States of India.
RRBs perform Various functions in the 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.
  • Small financial banks.

Few Regional Rural BanksFew Regional Rural Banks

List of Regional Rural Banks

List of Regional Rural Banks | Current Affairs & General Knowledge - CLATList of Regional Rural Banks | Current Affairs & General Knowledge - CLATList of Regional Rural Banks | Current Affairs & General Knowledge - CLATList of Regional Rural Banks | Current Affairs & General Knowledge - CLATList of Regional Rural Banks | Current Affairs & General Knowledge - CLAT

The document List of Regional Rural Banks | Current Affairs & General Knowledge - CLAT is a part of the CLAT Course Current Affairs & General Knowledge.
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FAQs on List of Regional Rural Banks - Current Affairs & General Knowledge - CLAT

1. What are Regional Rural Banks (RRBs)?
Ans. Regional Rural Banks (RRBs) are specialized banks in India that were created with the objective of providing credit and other banking facilities to the rural and semi-urban areas of the country. They were established under the Regional Rural Banks Act, 1976 and are jointly owned by the Government of India, the concerned State Government, and a Sponsor Bank.
2. How many Regional Rural Banks are there in India?
Ans. As of now, there are 45 Regional Rural Banks (RRBs) operating in India. These RRBs are spread across different states and union territories and cater to the banking needs of rural and semi-urban areas.
3. What is the role of Regional Rural Banks in rural development?
Ans. Regional Rural Banks play a crucial role in rural development by providing banking services and credit facilities to the rural population. They promote financial inclusion, facilitate agricultural and rural lending, support rural entrepreneurship, and contribute to the growth of the rural economy.
4. What are the services offered by Regional Rural Banks?
Ans. Regional Rural Banks offer a wide range of banking services including deposit accounts, loans and advances, agricultural finance, rural housing finance, microfinance, remittance services, and other financial products tailored to meet the specific needs of the rural population.
5. How can one avail the services of a Regional Rural Bank?
Ans. To avail the services of a Regional Rural Bank, individuals can visit the nearest branch of the bank and open an account by providing the necessary documents and fulfilling the account opening formalities. They can also approach the bank for various loan facilities and other financial services by following the prescribed procedures as per the bank's guidelines.
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