- Established on 2nd October 1975 on the recommendation of R. G. Sarayya Committee.
- To extend finance to Rural Areas.
- No new RRB was established since April 1987 (as recommended by Vijay Kelkar Committee)
- At present, there are 82 RRBs in the country, after mergers with 15,612 branches.
- Profit Making RRBs : 80
- Loss Making RRBs : 6;
- by 31.03.2009 according to RBI report.
- Bhandari Commission was related to the reconstruction of RRBs