CleanupBot II: Removed empty portal template using script

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Removed empty portal template using script

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	==References==		==References==
	~~{{Portal\|Banks}}~~
	{{Reflist}}{{Banking in India}}		{{Reflist}}{{Banking in India}}

	[[Category:Regional rural banks of India\|*]]		[[Category:Regional rural banks of India\|*]]
	[[Category:Banks established in 1975]]		[[Category:Banks established in 1975]]

imported>Lavalizard101: Undid revision 1037167959 by 106.197.11.65 (talk)

2021-08-04T22:50:34Z

Undid revision 1037167959 by 106.197.11.65 (talk)

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{{Short description|Government banks at regional level}}
{{Use dmy dates|date=October 2013}}
{{Use Indian English|date=October 2013}}
{{Infobox company
| name = Regional Rural Banks (RRBs)
| logo = [[File:Kerala Gramin Bank logo.jpg|75px]][[File:Paschim-banga-gramin-bank-squarelogo-1475146572988 1.svg|75px]][[File:Pbgblogo.jpg|75px]][[File:AP Grameena Vikas Bank.jpg|75px]]
| owner = [[Government of India]] (50%), <br>[[Public sector banks in India|Nationalised Banks]] (35%), <br>[[State governments of India|State Governments]] (15%)
| parent = [[Ministry of Finance (India)|Ministry of Finance]] , [[Government of India]]
| foundation = {{date and age|df=y|1975|10|2}}
| industry = [[Banking]], [[financial services]]
| type = [[Government of India|Government owned Banks]]
| num_locations = 21871 {{fact|date=January 2021}}
| products = [[Retail banking]], [[corporate banking]], [[investment banking]], [[mortgage loan]]s, [[wealth management]], [[debit card]]s, [[Unified Payments Interface|UPI]], [[internet banking]], [[mobile banking]], [[finance and insurance]]
}}

'''Regional Rural Banks (RRBs)''' are [[Government of India|government owned scheduled commercial banks]] of India that operate at regional level in different states of [[India]]. These banks are under the [[ownership]] of [[Ministry of Finance (India)|Ministry of Finance]] , [[Government of India]]. They were created to serve rural areas with basic banking and [[financial services]]. However, RRBs also have urban branches.

The area of operation is limited to the area notified by the government of India covering, and it covers one or more districts in the State. RRBs perform various functions such as providing banking facilities to rural and semi-urban areas, carrying out government operations like disbursement of wages of [[National_Rural_Employment_Guarantee_Act,_2005|MGNREGA]] workers and distribution of pensions, providing para-banking facilities like locker facilities, debit and credit cards, mobile banking, internet banking, and UPI services.<ref>{{Cite web|date=2020-11-01|title=Govt provides Rs 670-cr support to Regional Rural Banks to meet regulatory capital|url=https://www.financialexpress.com/industry/banking-finance/govt-provides-rs-670-cr-support-to-regional-rural-banks-to-meet-regulatory-capital/2118493/|access-date=2021-06-02|website=The Financial Express|language=en-US}}</ref>

== History ==
Regional Rural Banks were established under the provisions of an ordinance passed on 26 September 1975 and the RRB Act 1976 to provide sufficient banking and credit facility for agriculture and other rural sectors. As a result, five RRBs were set up on 2 October 1975 on the recommendations of the [[Narasimham Committee|Narasimhan Committee]]<ref>{{cite web | url=http://www.rbi.org.in/scripts/BS_SpeechesView.aspx?Id=820 | title=Conference of Principal Code Compliance Officers (PCCOs) / Chairmen of Regional Rural Banks organised by BCSBI at Mumbai, on July 15, 2013| archiveurl=https://web.archive.org/web/20130724020626/http://www.rbi.org.in/scripts/BS_SpeechesView.aspx?Id=820 | archivedate=2013-07-24}}</ref> during the tenure of [[Indira Gandhi|Indira Gandhi's government]]. The purpose was to include rural areas into the economic mainstream since around 70% of the Indian population was rural.

Prathama Bank, with head office in [[Moradabad]], Uttar Pradesh was the first RRB. It was sponsored by [[Syndicate Bank]] and had an authorised capital of Rs. 5 crore.<ref>{{Cite news|last=Bhattacharjee|first=Subhomoy|date=2019-09-07|title=The largest rewrite of the banking history and merger's cultural traps|work=Business Standard India|url=https://www.business-standard.com/article/finance/the-largest-rewrite-of-the-banking-history-and-merger-s-cultural-traps-119090701030_1.html|access-date=2021-06-02}}</ref> The other four RRBs were Gaur Gramin Bank (sponsored by [[UCO Bank]]), Gorakhpur Kshetriya Gramin Bank (sponsored by [[State Bank of India]]), Haryana Kshetriya Gramin Bank (sponsored by [[Punjab National Bank]]), and Jaipur-Nagpur Anchalik Gramin Bank (sponsored by [[UCO Bank]]).

The RRBs were owned by the central government, state government, and the sponsoring bank with 50%, 15%, and 35% shareholding respectively.<ref>[https://www.nabard.org/English/rrbs.aspx RRBs]</ref>

== Recapitalization ==
A review of the RRBs on August 2009 by the Union Finance Minister revealed that a large number of RRBs had a low [[Capital adequacy ratio|Capital to Risk weighted Assets Ratio]] (CRAR). A committee was constituted in September 2009 under the chairmanship of [[Kamalesh Chandra Chakrabarty|K C Chakrabarty]],<ref>{{Cite web|title=Reserve Bank intrigues: Was KC Chakrabarty set up?|url=https://www.moneylife.in/article/reserve-bank-intrigues-was-kc-chakrabarty-set-up/7897.html|access-date=2021-06-02|website=Moneylife NEWS & VIEWS}}</ref> the deputy governor of the [[Reserve Bank of India]] (RBI) to analyse the financials of the RRBs and suggest measures, including re-capitalisation to bring the CRAR of RRBs to at least 9% in a sustainable manner by 2012. The committee submitted its report in May 2010.<ref name=":0">[http://pibmumbai.gov.in/scripts/detail.asp?releaseId=E2011PR157 Recapitalization of Regional Rural Banks (RRBs) to improve their Capital to Risk Weighted Assets Ratio (CRAR)]</ref><ref>{{Cite news|last=Jog|first=Sanjay|date=2011-04-04|title=Regional Rural banks revamp in line with Chakrabarty report|work=Business Standard India|url=https://www.business-standard.com/article/finance/regional-rural-banks-revamp-in-line-with-chakrabarty-report-111040400061_1.html|access-date=2021-06-02}}</ref>

The committee recommended RRBs to have a CRAR of at least 7% on 31 March 2011 and at least 9% from 31 March 2012 onwards. The recapitalization requirement of Rs 2,200.00 crore for 40 of the 82 RRBs were to be released in two installments in 2010–11 and 2011–12. The remaining 42 RRBs will not require any capital and will be able to maintain CRAR of at least 9% as of 31 March 2012 and thereafter, on their own. A fund of ₹100 crore to be set up for training and capacity building of the RRB staff.<ref name=":0" />

The Government of India approved the recapitalization of the RRBs to improve their CRAR in the following manner:
* Share of central government, that is, ₹1,100 crore will be released as per provisions made by the [[Ministry of Finance|Department of Expenditure]] in 2010-11 and 2011–12. However, release of the funds will be contingent on proportionate release of the state government and sponsor bank share.<ref name=":0" />
* A capacity building fund with a corpus of ₹100 crore to be set up by central government with [[National Bank for Agriculture and Rural Development|NABARD]] for training and capacity building of the RRB staff in the institution of NABARD and other reputed institutions. The functioning of the fund will be periodically reviewed by the central government. An action plan will be prepared by NABARD and sent to the government for approval.<ref name=":0" />
* An additional amount of ₹700 crore was set up as a contingency fund to meet the requirement of the weak RRBs, particularly those in the north-eastern and the eastern region.<ref name=":0" />

== Organizational structure ==
The organizational structure for RRB's varies from branch to branch and depends upon the nature and size of business done by the branch. The head office of an RRB normally had three to nine departments. The following is the decision making hierarchy of officials in a RRB.

* Board of Directors
* Chairman & Managing Director
* General Manager
* Assistant General Manager
* Regional Manager/Chief Manager
* Senior Manager
* Manager
* Officer
* Office Assistant
* Office Attendant

=== Amalgamation ===

RRBs periodically go through a process of amalgamation. In January 2013, 25 RRBs were amalgamated into 10 RRBs, totaling 67 RRBs.<ref>{{Cite web|title=Amalgamation of RRBs: 25 merged into 10 in nine months - Indian Express|url=http://archive.indianexpress.com/news/amalgamation-of-rrbs-25-merged-into-10-in-nine-months/1062108/|access-date=2021-06-02|website=archive.indianexpress.com}}</ref> In March 2016, there were 56 RRBs, covering 525 districts with a network of 14,494 branches.<ref>{{Cite web|title=Reserve Bank of India - Reports|url=https://www.rbi.org.in/scripts/PublicationReportDetails.aspx?ID=514|access-date=2021-06-02|website=www.rbi.org.in}}</ref> As of 1 April 2020, there are 43 RRBs in India.<ref>{{Cite web|date=2020-11-01|title=Mega boost to Regional Rural Banks: Govt to infuse ₹670 crore|url=https://www.livemint.com/industry/banking/mega-boost-to-regional-rural-banks-govt-to-infuse-rs-670-crore-11604215670580.html|access-date=2021-06-02|website=mint|language=en}}</ref>

== Legal significance ==
RRBs are recognized by the law and they have legal significance. The Regional Rural Banks Act, 1976 Act No. 21 Of 1976 [9 February 1976.] reads:<ref>[https://thc.nic.in/Central%20Governmental%20Acts/Regional%20Rural%20Banks%20Act,%201976..pdf The Regional Rural Banks Act, 1976]</ref>

{{Blockquote|text=For the incorporation, regulation and winding up of 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 laborers, artisans and small entrepreneurs, and for matters connected therewith and incidental thereto.}}

==List of Regional Rural banks==
There are 43 RRBs in since 1 April 2020. <ref>{{cite web|url=https://m.rbi.org.in/scripts/Bs_viewcontent.aspx?Id=3657|title=list of SCB}}</ref>
{{Div col|colwidth=20em}}
'''Andhra Pradesh'''

*[[Andhra Pragathi Grameena Bank]]<ref>{{cite web|url=https://www.thehindu.com/news/cities/Hyderabad/rural-banks-to-be-merged-in-ts-ap/article27084736.ece}}</ref>
*[[Andhra Pradesh Grameena Vikas Bank]]<ref>{{cite web|url=https://www.thehindu.com/news/cities/Hyderabad/rural-banks-to-be-merged-in-ts-ap/article27084736.ece}}</ref>
*Chaitanya Godavari Gramin Bank
*Saptagiri Gramin Bank

'''Arunachal Pradesh'''
*Arunachal Pradesh Rural Bank

'''Assam'''
*[[Assam Gramin Vikash Bank]]

'''Bihar'''
*[[Bihar Gramin Bank| Dakshin Bihar
Gramin Bank]]
*[[Uttar Bihar Gramin Bank]]

'''Chhattisgarh'''
*Chhattisgarh Rajya Gramin Bank

'''Gujarat'''
*The Gujarat State Co.op Agriculture & Rural Development Bank Ltd.
*Baroda Gujarat Gramin Bank
*Saurashtra Gramin Bank

'''Haryana'''
*Sarva Haryana Gramin Bank

'''Himachal Pradesh'''
*Himachal Pradesh Gramin Bank

'''Jammu and Kashmir'''
*J&K Grameen Bank
*Ellaquai Dehati Bank

'''Jharkhand'''
*[[Jharkhand Rajya Gramin Bank]]

'''Karnataka'''
*Karnataka Gramin Bank
*[[Karnataka Vikas Grameena Bank]]

'''Kerala'''
*[[Kerala Gramin Bank]]

'''Madhya Pradesh'''
*[[Madhyanchal Gramin Bank]]
*Madhya Pradesh Gramin Bank

'''Maharashtra'''
*[[Maharashtra Gramin Bank]]
*Vidharbha Konkan Gramin Bank

'''Manipur'''
*Manipur Rural Bank

'''Meghalaya'''
*Meghalaya Rural Bank

'''Mizoram'''
*[[Mizoram Rural Bank]]

'''Nagaland'''
*Nagaland Rural Bank

'''Odisha'''
*[[Odisha Gramya Bank]]
*[[Utkal Grameen Bank]]

'''Puducherry'''
*[[Puduvai Bharathiar Grama Bank]]

'''Punjab'''
*Punjab Gramin Bank

'''Rajasthan'''
*Baroda Rajasthan Kshetriya Gramin Bank
*Rajasthan Marudhara Gramin Bank

'''Tamil Nadu'''
*Tamil Nadu Grama Bank

'''Telangana'''
*Telangana Grameena Bank

'''Tripura'''
*[[Tripura Gramin Bank]]

'''Uttar Pradesh'''
*[[Gramin Bank of Aryavart|Aryavart
Bank]]
*[[Sarva UP Gramin Bank|Prathama UP
Gramin Bank]]
*Baroda UP Bank<ref>{{cite web|url=https://www.jagran.com/uttar-pradesh/gorakhpur-city-merger-of-banks-three-banks-of-the-united-up-now-known-by-this-name-19793672.html|title=दैनिक जागरण: बैंकों का विलय : एक हुए UP के तीन बैंक, अब बड़ौदा यूपी बैंक नाम से जाने जाएंगे}}</ref>
'''Uttarakhand'''
*[[Uttarakhand Gramin Bank]]

'''West Bengal'''
*[[Paschim Banga Gramin Bank]]
*[[Bangiya Gramin Vikash Bank]]
* Uttarbanga Kshetriya Gramin Bank
{{div col end}}

==References==
{{Portal|Banks}}
{{Reflist}}{{Banking in India}}

[[Category:Regional rural banks of India|*]]
[[Category:Banks established in 1975]]

Regional Rural Bank - Revision history

CleanupBot II: Removed empty portal template using script

imported>Lavalizard101: Undid revision 1037167959 by 106.197.11.65 (talk)