What are regional rural banks?
What are regional rural banks? Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance , Government of India. They were created to serve rural areas with basic banking and financial services. What is regional rural bank and its functions? Regional Rural Banks (RRBs) in India are the scheduled commercial banks that conduct banking activities for the rural areas at the state level. The main objective of the RRBs is to provide credit and other banking facilities to...