Essay on Regional Rural Banks (RRBs) of India.
Free Essays on Rural Banking. Get help with your writing. 1 through 30.
This ACT lead to the formation of 25 regional rural banks in the same year at present there are 196 regional rural banks in the country. The main objective and the function of the regional rural bank is, in the rural area there are not much commercial banks their main aim was to develop a commercial organization to the rural mass which was supposed to happen to regional rural bank.
Rural banking has come a long way from the days when bankers had their first brush with rural culture. Bankers are now financial anthropologists, and many of them are playing a missionary role in transforming rural societies. However, challenges continue to persist.
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Earlier this week we reported in Mobile Banking by the Numbers: How Members Access Your Credit Union statistics and insight derived from the the Consumers and Mobile Financial Services 2015 survey reported by The Federal Reserve. One highlighted area focused on mobile banking in rural populations, where there has been a hope that mobile banking would help facilitate challenges that come with.
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