PROFITABILITY AND GROWTH OF REGIONAL RURAL BANKS (RRBs) IN INDIA (WITH REFERENCE TO THE PROFIT MAKING RRBs)
Journal Title: International Journal of Management, IT and Engineering - Year 2012, Vol 2, Issue 9
Abstract
The banking system in a country plays a pivotal role in the monetary system and economic development. The reforms and regulation of the banks should be taken in an appropriate time to phase with the changes take place in and around the country. As part of the financial sector reforms, prudential norms should be prescribed for banks, financial institutions and non-bank financial companies to maintain a healthy and sound financial position which not only provides a transparency of operations. The year 1975 saw yet another credit institution creation i.e., Regional Rural Banks, which emerged as an important financial institution for meeting the rural credit requirement. It is always argued that the RRBs have not been able to earn much profit in view of their policy of restricting their operation to target groups in spite of that the RRBs made a remarkable performance. Regional Rural Banks shortly known as RRBs along with Cooperative and Scheduled Commercial Banks constitute the „multi-agency‟ approach adopted in rural financing. The growth pattern of the RRBs has been analyzed for the selected variables and findings are drawn by adopting the Compound Annual Growth Rate Technique (CAGR).
Authors and Affiliations
Girish. K. Nair and Dr. R. Thirumal
Keywords
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