Profitability of Regional Rural Banks
Journal Title: International Journal of Trend in Scientific Research and Development - Year 2020, Vol 5, Issue 1
Abstract
The origin of the Regional Rural Banks RRBs can be traced in the Regional Rural Banks Ordinance promulgated on 26th September, 1975 for establishment of five Regional Rural Banks in the country on 2nd October, 1975 followed by enactment of the Regional Rural Banks Act 1976 on 9th February, 1976 on the recommendations of the Narshimham Committee Working Group for providing banking services to the rural economy with focus on the underdeveloped far flung remote rural and tribal areas having objective of assimilating these segments with the mainstream of the economy as about 70 of the Indian population was of rural orientation. RRBs have capital support from Government of India, State Government and sponsoring Commercial Bank in the ratio of 50 , 15 and 35 respectively with operational, managerial and professional support from Sponsor Banks. The organizational and operational landscape of the RRBs has metamorphosed to a great extent during this eventful evolutionary journey of forty five odd years and can be segmented under three phases Shiv Bajrang Singh "Profitability of Regional Rural Banks" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd37989.pdf Paper URL : https://www.ijtsrd.com/management/accounting-and-finance/37989/profitability-of-regional-rural-banks/shiv-bajrang-singh
Authors and Affiliations
Shiv Bajrang Singh
Keywords
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