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Monday, August 27, 2012

Important points you should know about Regional Rural Banks (RRBs) for IBPS RRB PO and Clerk Exams

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Friends, in this post we shall discuss about the basic points you should know about Regional Rural Banks (RRBs).  CWE for RRB (Regional Rural Banks ) PO and Clerical Exams. These points will be helpful for you in your upcoming IBPS PO / Clerks and IBPS RRB PO / Clerks Exams. Previously NABARD takes responsibilities for Recruiting the Staff in RRB’s. And used to conduct the Individual Exams and Interviews for the Recruitment. Now this was changed and IBPS taken the rights to conduct Common written exam and Interviews for Regional Rural Banks. All The Best :)
Regional Rural Banks (RRBs) - The History 

Rural banking in India started since the establishment of banking sector in India.  Regional Rural Banks were set up after nationalizations of banks in 1969 when emphasis shifted to providing more credit to weaker sections. Regional Rural Banks were established under the provisions of an Ordinance promulgated on the 26th September 1975 and the RRB Act, 1976 with an objective to ensure sufficient institutional credit for agriculture and other rural sectors.  Rural Banks in those days mainly focused upon the Agro Sector. Regional rural banks in India penetrated every corner of the country and extended a helping hand in the growth process of the country.

Here is the Complete list of 82 Regional Rural Banks(RRB) in India by Sate wise which are participating in IBPS RRB Exam :

Andhra Pradesh
  •  Andhra Pradesh Grameena Vikas Bank (APGVB)
  • Andhra Pragathi Grameena Bank
  • Deccan Grameena Bank
  • Chaitanya Godavari Grameena Bank
  • Saptagiri 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 Gramin Bank (Merger of Jammu Rural and Kamraz Rural Banks)
  • Ellaquai Dehati 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
  • South Malabar 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
  • ahakaushal 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
  • 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
Objectives of Regional Rural Banks :

The importance of the rural banking in the economic development of a country cannot be overlooked. As Gandhiji said “Real India lies in Villages,” and village economy is the backbone of Indian economy. Without the upliftment of the rural economy as well as the rural people of our country, the objectives of economic planning cannot be achieved. In fact, the real growth of Indian economy lied in the freeing of rural masses from acute poverty, unemployment, and socio-economic backwardness.

Regional Rural Banks (RRBs) are oriented towards meeting the needs of the weaker sections of the rural population consisting of :
  • Small and marginal farmers,
  • Agricultural labourers,
  • Artisans,
  • Small entrepreneurs,
  • Mobalise deposits from rural households

RRBs are expected to make credit available to rural households besides inspiring carefulness. Put it simple to ensure sufficient institutional credit for agriculture and other rural sectors.

The Credit Delivery System :
  • Grant of credit at cheap or concessional rates
  • Lending to individuals belonging to weaker sections without checking the viability of the activity proposed to be undertaken.

The Operational Area of RRB "

The area of operation of RRBs is limited to the area as notified by GoI covering one or more districts in the State.

Ownership of RRBs :

RRBs are jointly owned by Government of India (GOI), the concerned State Government and Sponsor Banks (27 scheduled commercial banks and one State Cooperative Bank); the issued capital of a RRB is shared by the owners in the proportion of 60%, 20% and 20% respectively.

Reform Process - RRBs
In order to provide access to low-cost banking facilities to the poor, the Narasimham Working Group (1975) proposed the establishment of a new set of banks, as institutions which "combine the local feel and the familiarity with rural problems which the cooperatives possess and the degree of business organization, ability to mobilize deposits, access to central money markets and modernized outlook which the commercial banks have".
RRBs started their development process on 2nd October 1975 with the formation of a single bank (Prathama Grameen Bank). As on 31 March 2006, there were 133 RRBs (post-merger) covering 525 districts with a network of 14,494 branches.

RBI Assistance
With a view to facilitate RRBs operations, the RBI gave RRBs direct access to refinance assistance at a concessional rate of three per cent below the bank rate.
Allowed to maintain a lower level of SLR than commercial banks.
Allowed to pay half per cent more interest on all deposits except those of three years and above.
Sponsor banks IDBI, NABARD, SIDBI, and other FIs are statutorily required under the RRBs Act to provide managerial and financial assistance to RRBs.

Evaluation of RRBs

The Committee constituted by the RBI in June 1977 to valuate the performance of RRBs concluded that with some modifications in their organisation and structure. The Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development which inter alia examined the role of RRBs in the rural development work, suggested the following : 
  • Preference for opening bank branches than commercial banks
  • The eligible business of commercial banks’ rural branches may be transferred to RRBs.
  • The losses in initial years of RRBs may be met by shareholders and equity capital should also be raised.
  • The various facilities provided by sponsor banks should continue for 10 yrs in each case
  • Concessionary refinance by RBI should be continued
  • The control, regulation, and promotional responsibilities should be transferred from the GOI to RBI or NABARD.


Regulatory Control

RRBs are allowed up to December 31, 2000 to maintain cash reserves at 3 per cent of their demand and time liabilities. A number of measures were taken since 1995 not only to make RRBs viable but also to enable them to function effectively.
Apart from recapitalisation and infusion of equity, the measures include : Deregulation of interest rates on advance and deposits of above one year maturity; rationalization of branches; and relaxation of norms relating to investments by RRBs.

In 1998-99 NABARD introduced several policy measures for improving overall performance. 
They are :
  • Quarterly / half yearly review of RRBs especially weak ones by the sponsor banks
  • Merger of RRBs coming under a sponsor bank and operating in contiguous areas
  • Off-site surveillance
  • Framing of Appointment and Promotion rules (1998) for the staff of RRBs
  • Introduction of Kissan Credit Cards for provision of credit to farmers. 
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31 comments:

  1. in j&k there are two rrb's
    Jammu Gramin Bank(merger of Jammu Rural and Kamraj Rural)
    Eliquai dehati bank

    ReplyDelete
    Replies
    1. Thank you so much for the Update Sharma ji...

      Delete
  2. the 2 banks in rrb are south malabar gramin bank and north malabar gramin bank .....slight mistake its given here as narmada malwa gramin bank

    ReplyDelete
    Replies
    1. Thank you so much for the Update Sir... We've Corrected that. Sorry for the Inconvinience....

      Delete
  3. Thank you so much for the Useful Info Sir. Guide4BankExams is Grat.

    ReplyDelete
  4. who given information ibps conduct common interview for rrbs ,,i think it is wrong .....

    ReplyDelete
    Replies
    1. No Common Interview for RRBs Venu Reddy. The bank conduct individual Interviews. We dint mention anything like that...

      Delete
    2. Mam plz check the total rrb's bank...in rajasrhan only 3 now...

      Delete
  5. i think there is no common interview for rrbs ..is it true??

    ReplyDelete
    Replies
    1. Yep you are correct Venu Reddy. No Common Interviews for IBPS RRBs.

      Delete
  6. thanks a lot for giving material about rrb

    ReplyDelete
  7. thank u very much....its really valubal 4 me

    ReplyDelete
  8. the owner ships of rrb are changed to 60% 20% 20% please check it once and update it

    ReplyDelete
  9. Orissa Has only two RRBs. 1-utkal gramya bank(after merger of utkal gramya bank & Rushikulya gramya bank) 2:- Odisha Gramya Bank (After merger of Kalinga Gramya Bank, Baitarani Gramya Bank, Neelanchal Gramya Bank)

    ReplyDelete
  10. please share important days in 2013 :) thank you :)

    ReplyDelete
  11. please share objective question's asking in ibps bank exam

    ReplyDelete
  12. The Material Provided By You was Very Useful To Me...Thanks a Lot ... Pls continue UR Service..

    ReplyDelete
  13. good evening madam , i got 103 marks in the RRB office Asst and i am from karnataka , is there any chance to short listing for interview..... please reply.......

    ReplyDelete
  14. Also Gurgaon Gramin bank is merged with Haryana Gramin Bank to form Sarva Haryana Gramin Bank.

    ReplyDelete
  15. rrb's share is central govt-50% sponsored bank -35% state govt- 15%

    ReplyDelete
  16. whether it is possible to apply for other states RRB interviews......

    ReplyDelete
  17. Ma'am, in one of the interviews someone asked, Why do we need RRBs?? There are enough commercial banks in India, why are these commercial banks not extending their branches to rural areas?? Why to form separate RRB??
    WHat could be the right reply for this question Ma'am

    ReplyDelete
  18. Ma'am, in one of the interview questions it was asked , Why do we need RRBs?? There are so many commercial banks in India?? Why these commercial banks are not extending their branches to rural areas?? Why do we need separate RRB??
    Ma'am what should be an appropriate reply for this question??

    Thanks,
    Harsha

    ReplyDelete
  19. pls clarify the ownership of rrb is 60% 20% 20%...or 50% 35% 15%

    ReplyDelete
  20. hi i am from andhra pradesh and i belong to general category. i got 114 in ibps rrb clerks The apgvb bank announced the short listed candidates list . My name is not in the list .Is there any cahance to get final selection in any rural bank of andhra pradesh,please reply ...........what is the highest score

    ReplyDelete
    Replies
    1. Hai, you never get a chance from any call from RRB because cut off marks are very high. If you want to get a call you score min 130 marks

      Delete

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