Essay on Regional Rural Banks (RRBs) of India.
Commercial Banks', March 2013, Nationalised Banks accounted for 52.4% of the aggregate deposits, while SBI and its Associates accounted for 22%. The share of Old Private Sector Banks, New Private Sector Banks, Foreign Banks, and Regional Rural Banks in aggregate deposits was 5.1%, 13.6%, 4% and 2.9% respectively.

The regional rual banks were established “ with a view to developing the rural economy by providing for the purpose of development of agriculture, trade, commerce, industry and other productive activities in the rural areas, credit and other facilities, particularly to small and marginal farmers, agricultural labourers, artisans and small entrepreneurs, and for matters connected therewith.

The Regional Rural Banks Act 1976 provide for incorporation, regulation and winding up Regional Rural Banks with a view to developing the rural economy by providing for the purpose of development of Agriculture, Trade, Commerce, Industry and other productive activities in the rural areas, credit and other facilities, particularly to the small and marginal farmers, Agricultural Labourers.

PERFORMANCE OF REGIONAL RURAL BANKS-LITERATURE REVIEW 4.1 Introduction In this chapter various studies done on Regional Rural Banks in India are briefly described. 4.2 Literature Review of Regional Rural Banks A number of studies have been conducted to see the functioning and performance of RRBs in the country.

Rural banks have been in existence for around three decades in the Ghana’s financial scene. The beginning of the rural banks (RB) can be seen as a unique experiment as well as experience in improving the efficacy of rural credit delivery mechanism in Ghana.

Abstract. In India, banks have played an important role in economic growth and development. Since the 1970s, public sector banks (PSBs) have been in the forefront of mobilizing resources from far flung rural areas as well as extending banking services in the remotest parts of the country.

Role of Commercial Banks in the Economic Development of INDIA 3 7.3 Savings account is an interest yielding account. Deposits in savings account are used for saving money. Savings bank account-holder is required to maintain a minimum balance in his account to avail of cheque facilities. 7.4 Fixed or term deposits are used by the customers.