List of Regional Rural Banks In India - History, Ownership, Functions, And List Of RRBs 2024

Regional Rural Banks List in India 2024: Regional Rural Banks in India are Scheduled Commercial Banks that provide banking services for rural and underprivileged people at the regional level across various states in the country. 

Regional Rural Banks are government-owned banks as half of the bank’s share is owned by the Central Government. RRBs are mainly empowered to provide for the needs of destitute people at the regional level across different states in the country. Empowering the needy people in the backward areas will induce Financial Inclusion across the country. At present, there are 43 RRBs in India. Each RRB is sponsored by the Central government, the State government, and the sponsor bank. To boost the rural economy, the main aim of the Regional Rural Banks is to provide banking facilities to the small, marginal farmers, artisans, etc. in rural areas. Here we discussed about the full form of RRB bank, RRB in banking, rural regional bank, top 10 regional rural banks in India, rrb bank, rrb banks, rrb in bank, regional rural banks in Tamilnadu, rural regional banks, rural banks, ibps rrb banks, RRB banks list, regional rural bank meaning, regional rural bank recruitment, regional rural bank established, regional rural bank example, regional rural bank committee, regional rural bank list, regional rural bank established in India, regional rural bank established in which year, regional rural bank history, regional rural bank functions, regional rural bank total number, top 10 regional rural banks in India, which state has the highest number of rrbs in India, regional rural banks were established in the year, first RRB in India, How many RRB in India? and so on in detail.

About Regional Rural Banks in India PDF Download

In total Indian population, nearly 70% of the people resides in rural areas, which has a larger impact on the economic situation of the country. Consequently, there is a need for a strong and efficient banking system in rural areas, to offer customized products and timely credit at affordable rates, unlike traditional moneylenders who provide loans at very high interest rates. Like developing countries like India, RRBs play a vital role in the growth and development of rural and backward areas.

From this article let us discuss the complete list of the Regional Rural Banks in India. This article includes information on the History of RRB, RRB ownership, Objectives of Regional Rural Banks in India, Features of RRB, Amalgamation of RRB, Regulator of RRB, Functions of Regional Rural Banks, Chairman of Regional Rural Bank, List of RRB in India, list of RRB in Tamilnadu, list of RRB in Haryana, list of RRB in Gujarat, regional rural bank example, list of RRB in UP, regional rural bank meaning, list of RRB in Andhra Pradesh, list of RRB in West Bengal, list of RRB in Delhi, list of RRBs in Karnataka, list of RRB in Rajasthan, the complete list of RRB in India 2024 PDF download, and Regional Rural Banks in India FAQs. RRB bank recruitment is conducted every year to select the well deserved candidates for the post of RRB clerk and RRB PO. Candidates can check this Banking Awareness material for their upcoming competitive exams and make use of it.


Foreign Banks in India

History of Regional Rural Bank:

Under the provisions of the Ordinance promulgated on 26 September 1975 by the Narasimham Working Group and after the legislation of the Regional Rural Banks Act, 1976, the Regional Rural Banks (RRBs) were established in the year 1975.

Prathama Grameen Bank, the first Regional Rural Bank was established on 2nd October 1975. Prathama Bank is headquartered in Moradabad, Uttar Pradesh and it was sponsored by Syndicate Bank and had an authorized capital of INR 5 crores.

A total of 5 RRBs were set up on the recommendation of the Narasimhan Committee. The other 4 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).

RRBs are financial institutions that provide adequate credit and other banking facilities for agriculture and other rural sectors. Each RRB operates within a local area limit as notified by the Government. RRBs attribute the characteristics of a cooperative by solving rural problems and a commercial bank by organizing financial resources.

After some reforms in 1990, the government started the consolidation program which has declined the number of Regional Rural Banks from 196 in 2005 to 43 in the fiscal year 2021. While 30 of the total 43 RRBs reported their net profits.

Government Banks in India

Ownership of Regional Rural Bank:

The equity shares of Regional Rural Banks are distributed among the Central Government, the Sponsor Bank, and the State Government in a fixed proportion. The ownership of RRB is as follows,

  • Central Government - 50%
  • Sponsor Bank - 35%
  • State Government - 15%

Regional Rural Bank owned by the Government of India as the maximum share capital is owned by the Central Government.


Objectives of Regional Rural Bank:

Here we have provided some of the important objectives of Regional Rural Banks in India.

  • The main objective of the Regional Rural Bank is to provide credit and banking facilities to the small (owns 1 or 2 hectares of land) and marginal (owns less than 1 hectare of land) farmers, agricultural laborers, small artisans, and entrepreneurs in the rural areas.
  • The Regional Rural Banks(RRBs) were conceptualized to combine the local feel and familiarity of rural problems characteristic of cooperatives with the professionalism and large resource base of commercial banks.
  • Regional Rural Banks (RRBs) were established with the aim of developing the banking systems in rural parts of India for the purposes of agriculture, commerce, industries, and other credit needs. 
  • RRBs cater to a more scattered population that demands smaller ticket loans, and these banks operate under strict operational and lending norms.

Development Banks In India

Features of Regional Rural Bank:

The following are the important features of Regional Rural Banks in India,

  • RRBs are a new form of scheduled commercial banks which is backed by a strong commercial bank. 
  • Each RRB is operated within a certain limit only.
  • RRBs provide banking facilities to small, marginal farmers, artisans, etc. in rural areas.
  • RRBs reduce regional imbalances by checking the outflow of rural deposits to urban areas. This will increase the employment generation in rural areas.
  • RRBs provide 75% of their total credit as Priority Sector Lending to fulfill the criterion applicable to commercial banks.

At present, there are 43 Regional Rural Banks (RRBs) in India with 21,856 branches across 26 States and 3 UTs. They are sponsored by 12 Scheduled Commercial Banks (SCBs). RRBs in India have 28.3 crore depositors and 2.6 crore borrowers. 

Role and Functions of Banks in India

Amalgamation of Regional Rural Banks:

Here we have provided the merger of RRB banks complete details in this passage.

The Reserve Bank of India in 2001 constituted a Committee under the Chairmanship of Dr. V S Vyas on “Flow of Credit to Agriculture and Related Activities from the Banking System” to examine the relevance of RRBs in the rural credit system and the alternatives for making it operational. In the year 2005, the consolidation process was initiated as recommended by Dr. V S Vyas Committee.

In 2005, the first phase of amalgamation was initiated by the Sponsor Bank-wise within a State. The amalgamation process brought down the number of RRBs from 196 to 82. With a view to providing better customer service by having better infrastructure, computerization, an experienced workforce, common publicity, and marketing efforts the amalgamation was carried out in the year 2011. The amalgamated RRBs also benefit from large areas of operation and enhanced credit exposure limits for high-value and diverse banking activities. As a result of the second phase of amalgamation during 2011-2014, the number of RRBs was brought down to 56 from 82. 

In the year 2018-2019, the amalgamation of RRBs was done based on the roadmap provided by NABARD and consultation with respective Sponsor Banks and State Governments. As of April 2019, the number of RRBs has been brought down to 43 from 56. The amalgamation has been made with the expectation of bringing better efficiency of scale, higher productivity, improved financial health of the RRBs, and greater credit flow to rural areas.

Basics of Banking

Regulatory Authority of Regional Rural Banks in India:

The two prime regulators of Regional Rural Banks (RRBs) in India are the Reserve Bank of India and the NABARD (National Bank for Agriculture and Rural Development).

RBI: The Banking Regulation Act, of 1949 empowers the Reserve Bank of India to inspect and supervise commercial banks. RBI is the overarching regulator of the entire banking system.

NABARD: NABARD functions as the supervisor of rural financial institutions- both Regional Rural Banks (RRBs) and Rural Cooperative Banks (RCBs) under Section 35(6) of the Banking Regulation Act, 1949.

Functions of Regional Rural Banks in India:

The Regional Rural Bank in India is a scheduled commercial bank whose primary function is to accept deposits and disburse loans.

The other important functions of RRBs in India are as follows,

  • RRBs provide various banking facilities to rural and semi-urban areas.
  • The main function of RRBs is to disburse wages of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and Pradhan Mantri Gram Sadak Yojana (PMGSY) workers and distribute pensions.
  • RRBs provide para-banking facilities such as locker facilities, debit and credit cards, mobile banking, internet banking, and UPI services.
  • They provide basic banking needs for the development of Agriculture, Trade, Commerce, Industry, and other productive activities in rural areas, credit, and other facilities, particularly to the small and marginal farmers, Agricultural Labourers, Artisans, and small entrepreneurs. 

Chairman Regional Rural Bank:

Here we have provided the chairman of RRBs in India and how they are appointed.

  • Each Regional Rural Bank contains a separate chairman.
  • Under the provision of Section 11 of the RRB Act, 1976, the chairman of the RRBs is appointed by the Sponsor Banks of the respective RRBs.
  • With the consultation with NABARD, the sponsor bank appoints the chairman of RRBs sponsored by them. But there are no guidelines for the selection of a chairman.


List of Regional Rural Banks in India 2024: Top 10

The Regional Rural Banks in India list state wise is given in the below table. Candidates can check the state wise Regional Rural Banks name, RRB head office, RRB sponsor bank, and their official website. Candidates can know the complete details of specific Regional Rural Bank state wise on the official websites of the banks. 

List of Regional Rural Banks in India 2024


Bank Name

Head Office

Sponsor Bank

Andhra Pradesh

Andhra Pragathi Grameena Bank


Canara Bank

Chaitanya Godavari Grameena Bank


Union Bank of India

Saptagiri Grameena Bank


Indian Bank


Andhra Pradesh Grameena Vikas Bank


State Bank of India

Telangana Grameena Bank


State Bank of India


Assam Gramin Vikash Bank


Punjab National Bank

Arunachal Pradesh

Arunachal Pradesh Rural Bank


State Bank of India


Uttar Bihar Gramin Bank


Central Bank of India

Dakshin Bihar Gramin Bank


Punjab National Bank


Chhattisgarh Rajya Gramin Bank


State Bank of India


Saurashtra Gramin Bank


State Bank of India

Baroda Gujarat Gramin Bank


Bank of Baroda


Sarva Haryana Gramin Bank


Punjab National Bank

Himachal Pradesh

Himachal Pradesh Gramin Bank


Punjab National Bank


Jharkhand Rajya Gramin Bank


State Bank of India

Jammu & Kashmir

J&K Grameen Bank


J&K Bank Ltd.

Ellaquai Dehati Bank


State Bank of India


Karnataka Gramin Bank


Canara Bank

Karnataka Vikas Grameena Bank


Canara Bank


Kerala Gramin Bank


Canara Bank


Maharashtra Gramin Bank

New Aurangabad

Bank of Maharashtra

Vidharbha Konkan Gramin Bank


Bank of India

Madhya Pradesh

Madhya Pradesh Gramin Bank


Bank of India

Madhyanchal Gramin Bank


State Bank of India


Manipur Rural Bank

Imphal West

Punjab National Bank


Meghalaya Rural Bank


State Bank of India


Mizoram Rural Bank


State Bank of India


Nagaland Rural Bank


State Bank of India


Utkal Grameen Bank


State Bank of India

Odisha Gramya Bank


Indian Overseas Bank


Punjab Gramin Bank


Punjab National Bank


Puduvai Bharathiar Grama Bank


Indian Bank


Baroda Rajasthan Kshetriya Gramin Bank


Bank of Baroda

Rajasthan Marudhara Gramin Bank


State Bank of India


Tamil Nadu Grama Bank


Indian Bank


Tripura Gramin Bank


Punjab National Bank

Uttar Pradesh

Aryavart Bank


Bank of India

Baroda UP Bank

Rae Bareli

Bank of Baroda

Prathama UP Gramin Bank


Punjab National Bank


Uttarakhand Gramin Bank


State Bank of India

West Bengal

Bangiya Gramin Vikash Bank


Punjab National Bank

Paschim Banga Gramin Bank


UCO Bank

Uttar Banga Kshetriya Gramin Bank

Cooch Behar

Central Bank of India

The above table contains the list of RRBs functioning in the country. Candidates can check the regional rural banks in Tamilnadu, regional rural banks in Andhra Pradesh, list of regional rural banks in Karnataka, regional rural banks in Bihar, regional rural banks in Uttar Pradesh, regional rural banks in West Bengal, regional rural banks in Maharashtra, regional rural banks in Odisha, and regional rural banks in India 2024. The total number of rrbs in India is 43.

IBPS RRB PO Previous Year Paper

Candidates who are preparing for the interview of IBPS RRB PO can download the About Regional Rural Bank in India PDF by clicking the link given above and the candidates can make use of it. The above details contain the Regional Rural Bank in India list.


Regional Rural Banks in India - FAQs

Q. What is the full form of RRB?

A. The full form of RRB is Regional Rural Bank.

Q. What are Regional Rural Banks?

A. Regional Rural Banks in India are Scheduled Commercial Banks that provide banking services for rural and underprivileged people at the regional level across various states in the country.

Q. Which is the first Regional Rural Bank in India?

A. The first RRB in India is Prathama Bank which is headquartered in Moradabad, Uttar Pradesh and it was sponsored by Syndicate Bank.

Q. What are the regulatory bodies of RRBs in India?

A. The RBI and NABARD are the two regulatory bodies of RRBs in India.

Q. How many RRBs are currently operational in India?

A. At present, 43 Regional Rural Banks are operating in India.

Q. What is the difference between RRBs and Commercial Banks?

A. RRBs provide credit and other banking facilities to the rural areas of the country while the Commercial Banks provide agricultural loans along with car, housing and other loans and other utility services.

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