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Regional rural banks were established under the provisions of an ordinance passed on 26 September 1975 and the RRB Act 1976 to provide sufficient banking and credit facility for agriculture and other rural sectors.
The RRB also employs actuaries to predict the future income and outlays of the railroad retirement system, statisticians and economists to provide vital data, and attorneys to interpret legislation and represent the RRB in litigation. The President also appoints an Inspector General for the RRB, with the advice and consent of the Senate.
Pragathi Gramin Bank was an Indian Regional Rural Bank (RRB) established under Regional Rural Banks' Act 1976. The bank was permitted to carry all kinds of banking business and provided banking services to individuals and small businesses.
RRB may refer to: The Indian Railway Recruitment Board; The U.S. Railroad Retirement Board; Regional Rural Banks, a type of financial institution in India
The Railway Recruitment Control Board (RRCB) is a government body established in 1998 under the Ministry of Railways (Railway Board), Government of India. It is responsible for coordinating and monitoring the activities of the Railway Recruitment Boards (RRBs), which conduct recruitment for Group C posts in Indian Railways. Currently, there are ...
In 1975, it established the first Regional Rural Bank (RRB) of India, Prathama Bank, in Moradabad, Uttar Pradesh. [4] In 1976, Syndicate Bank sponsored the establishment of Malaprabha Grameena Bank in Dharwad, Karnataka. In 1983, Bijapur Grameena Bank was sponsored by Syndicate Bank, headquartered in Bijapur. [5]
Jharkhand Rajya Gramin Bank [1] (JRGB) is a Regional Rural Bank (RRB). The bank was established on 1 April 2019 with the amalgamation of the erstwhile Vananchal Gramin Bank and erstwhile Jharkhand Gramin Bank under the provisions of RRB Act 1976. It is under the ownership of Ministry of Finance, Government of India.
Uttarakhand Gramin Bank is a regional rural bank in India.It is sponsored by State Bank of India established under RRB Act 1976 came into existence on 1 Nov 2012 after amalgamation of erstwhile RRB viz. Uttaranchal Gramin Bank and Nainital Almora Kshetriya Gramin Bank in Uttarakhand State.