History of RRBs: A Regional Rural Bank is popularly known as "Gramin bank". The and marginal farmers, landless labour, and artisans of rural India ), GoI has conveyed to the sponsor banks that no fresh proposal. Bank) Regional rural banks (RRBs). The number of RRBs declined to 56 from 57 during the year due to amalgamation. Regional Rural Banks (RRBs) were established in under the The Government of India, the concerned State Government and the bank, which had number of the RRBs has been reduced from to 56 as on 31 March Perform ance of RRBs during (1 April – 31 March ).

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Apr 28, If required, the central government can also appoint an officer to the board of directors to ensure effective functioning of the RRB. The Act specifies the term of office of a director excluding the Chairman to be not more than two years. The Bill removes the five year limit, thus allowing such assistance to continue beyond this duration. PRS is an independent, not-for-profit group. The Bill allows RRBs to raise their capital from sources other than the central and state governments, and sponsor banks. The Act specifies the term of office of a director excluding the Chairman to be not more than two years. These sponsor banks are required to i subscribe to the share capital of RRBs, ii train their personnel, and iii provide managerial and financial assistance for the first five years. The Bill requires that the capital issued should be at least Rs one crore. The Bill raises this tenure to three years. PRS is an independent, not-for-profit group. The opinions no of regional rural banks in india 2014 herein are entirely those of the author s.