Regional Rural Banks in India

Regional Rural Banks in India are an integral part of the rural credit structure of the country. Since the very beginning, when the Regional Rural Banks in India (RRBs) were established in October 2, 1975, these banks played a pivotal role in the economic development of the rural India. The main goal of establishing regional rural banks in India was to provide credit to the rural people who are not economically strong enough, especially the small and marginal farmers, artisans, agricultural labours, and even small entrepreneurs.


The Conception and the Brief history

The history of regional rural banks in India dates back to the year 1975. It's the Narsimham committee that conceptualized the foundation of regional rural banks in India. The committee felt the need of 'regionally oriented rural banks' that would address the problems and requirements of the rural people with local feel, yet with the same level of professionalism of commercial banks. Five regional rural banks were set up on October 2 with a total authorized capital of ` 1 crore, which later augmented to ` 5 crore. There were five commercial banks, viz. Punjab National Bank, State Bank of India, Syndicate Bank, United Bank of India and United Commercial Bank, which sponsored the regional rural banks. The equities of rural banks were divided in a proportion of 50:35:15 among the Central Government, the Sponsor bank and the concerned State Government.

The following years have not been so easy for the regional rural banks in India, as there were major concern of financial viability. A number of committees were formed to find out solution. Studies were conducted to find out the factors that influence RRBs performance. The roles played by the sponsor banks were also analyzed.

List of Regional Rural Banks in India

There are a number of regional rural banks in India. Following are the state-wise list of Indian regional rural banks.

Andhra Pradesh

• Andhra Pradesh Grameena Vikas Bank
• Andhra Pragathi Grameena Bank
• Deccan Grameena Bank
• Chaitanya Godavari Grameena Bank
• Saptagiri Grameena Bank
• Pinakini Grameena Bank

Arunachal Pradesh

• Arunachal Pradesh Rural Bank

Assam

• Assam Gramin Vikash Bank
• Langpi Dehangi Rural Bank

Bihar

• Madhya Bihar Gramin Bank
• Bihar Kshetriya Gramin Bank
• Uttar Bihar Kshetriya Gramin Bank
• Kosi Kshetriya Gramin Bank
• Samastipur Kshetriya Gramin Bank

Chhattisgarh

• Chhattisgarh Gramin Bank
• Surguja Kshetriya Gramin Bank
• Durg-Rajnandgaon Gramin Bank

Gujarat

• Dena Gujarat Gramin Bank
• Baroda Gujarat Gramin Bank
• Saurashtra Gramin Bank

Haryana

• Harayana Gramin Bank
• Gurgaon Gramin Bank

Himachal Pradesh

• Himachal Gramin Bank
• Parvatiya Gramin Bank

Jammu & Kashmir

• Jammu Rural Bank
• Ellaquai Dehati Bank
• Kamraz Rural Bank

Jharkhand

• Jharkhand Gramin Bank
• Vananchal Gramin Bank

Karnataka

• Karnataka Vikas Grameena Bank
• Pragathi Gramin Bank
• Cauvery Kalpatharu Grameena Bank
• Krishna Grameena Bank
• Chimagalur-Kodagu Grameena Bank
• Visveshvaraya Gramin Bank

Kerala

• Narmada Malwa Gramin Bank
• North Malabar Gramin Bank

Madhya Pradesh

• Narmada Malwa Gramin Bank
• Satpura Kshetriya Gramin Bank
• Madhya Bharath Gramin Bank
• Chambal-Gwalior Kshetriya Gramin Bank
• Rewa-Sidhi Gramin Bank
• Sharda Gramin Bank
• Ratlam-Mandsaur Kshetriya Gramin Bank
• Vidisha Bhopal Kshetriya Gramin Bank
• Mahakaushal Kshetriya Gramin Bank
• Jhabua Dhar Kshetriya Gramin Bank

Maharashtra

• Marathwada Gramin Bank
• Aurangabad-Jalna Gramin Bank
• Wainganga Kshetriya Gramin Bank
• Vidharbha Kshetriya Gramin Bank
• Solapur Gramin Bank
• Thane Gramin Bank
• Ratnagiri-Sindhudurg Gramin Bank

Manipur

• Manipur Rural Bank

Meghalaya

• Ka Bank Nogkyndong Ri Khasi-Jaintia

Mizoram

• Mizoram Rural Bank

Nagaland

• Nagaland Rural Bank

Orissa

• Kalinga Gramya Bank
• Utkal Gramya Bank
• Baitarani Gramya Bank
• Neelachal Gramya Bank
• Rushikulya Gramya Bank

Punjab

• Punjab Gramin Bank
• Faridkot-Bhatinda Kshetriya Gramin Bank
• Malwa Gramin Bank

Rajasthan

• Baroda Rajasthan Gramin Bank
• Marwar Ganganagar Bikaner Gramin Bank
• Rajasthan Gramin Bank
• Jaipur Thar Gramin Bank
• Hodoti Kshetriya Gramin Bank
• Mewar Anchalik Gramin Bank

Tamil Nadu

• Pandyan Grama Bank
• Pallavan Grama Bank

Tripura

• Tripura Gramin Bank

Uttar Pradesh

• Purvanchal Gramin Bank
• Kashi Gomti Samyut Gramin Bank
• Uttar Pradesh Gramin Bank
• Shreyas Gramin Bank
• Lucknow Kshetriya Gramin Bank
• Ballia Kshetriya Gramin Bank
• Triveni Kshetriya Gramin Bank
• Aryavart Gramin Bank
• Kisan Gramin Bank
• Kshetriya Kisan Gramin Bank
• Etawah Kshetriya Gramin Bank
• Rani Laxmi Bai Kshetriya Gramin Bank
• Baroda Western Uttar Pradesh Gramin Bank
• Devipatan Kshetriya Gramin Bank
• Prathama Bank
• Baroda Eastern Uttar Pradesh Gramin Bank

Uttaranchal

• Uttaranchal Gramin Bank
• Nainital Almora Kshetriya Gramin Bank

West Bengal

• Bangiya Gramin Vikash Bank
• Paschim Banga Gramin Bank
• Uttar Banga Kshetriya Gramin Bank