How many RRBs are there in India?

There are currently 28 Regional Rural Banks (RRBs) in India, a reduction from 43 following the fourth phase of amalgamation under the "One State, One RRB" policy, which became effective in May 2025, consolidating multiple banks into single entities in various states to improve efficiency. These 28 RRBs now operate across 26 states and 2 Union Territories, managing over 22,000 branches primarily in rural areas.

How many RRBs are there in India today?

List of RRBs. There are 28 regional rural banks in India, as of 1 January 2026.

Which is the largest RRB bank in India?

Among the most ambitious integrations was in Uttar Pradesh, where India's largest RRB, Aryavart Gramin Bank with over 1,400 branches, and Prathama Gramin Bank with nearly 1,000 branches, were merged into the existing Baroda UP Gramin Bank, which already operated more than 2,000 branches.

Who owns regional rural banks in India?

RRBs are jointly owned by Government of India(GOI), Sponsor Bank and the concerned State Government and with share proportion 50%,35% & 15% respectively. Govt. of. India with a view to improve the operational viability and efficiency of RRBs, initiated the process of Structural Consolidation by amalgamating RRBS.

Who is the father of RRB?

These banks are the Indian Commercial Banks that operate at the regional level in various States of India. They were started by M. Swaminathan who is called the father of regional rural banks.

RRB - Regional Rural banks | Indian Economy for UPSC

What are the first 5 regional rural banks in India?

First five RRB's were, 'Prathama Bank',head office at Moradabad U.P sponsored by Syndicate Bank; 'Gaur Gramin Bank' Sponsored by UCO Bank in Malda,West Bengal; Gorakhpur Kshetriya Gramin Bank in Gorakhpur U.P Sponsored by SBI; Haryana Kshetriya Gramin Bank, in Bhiwani Haryana Sponsored by Punjab National Bank; Anchalik ...

Who is the famous Indian geneticist?

M. S. Swaminathan. Mankombu Sambasivan Swaminathan (7 August 1925 – 28 September 2023) was an Indian geneticist and plant breeder, administrator and humanitarian. Swaminathan was a global leader of the green revolution.

Which is the oldest rural bank in India?

India's first Regional Rural Bank (RRB), Prathama Gramin Bank, was established on October 2, 1975, in Moradabad, Uttar Pradesh.

Are RRBs government owned?

The RRB model is built on a unique tripartite ownership structure: The central government owns 50 per cent; the state governments, 15 per cent; and the sponsor bank, 35 per cent.

Where are the 12 regional reserve banks?

The Reserve Banks are decentralized by design and are located in Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.

Which is best, RRB or SBI?

Choose SBI PO Bank Exam if you handle high pressure with a tougher selection process and aim for higher salary perks, and faster promotions. Choose RRB PO Bank Exam if you prefer rural/semi urban postings close to home with easier exams and better work life balance.

Which state has the lowest number of RRBs in India?

The services of RRBs are not available in the states of Goa and Sikkim. Madhya Pradesh has second highest number of branches while Nagaland has the least number of branches.

Which RRB bank is best?

In 2026, leading RRBs like Prathama Bank, Baroda Rajasthan Kshetriya Gramin Bank, Karnataka Vikas Grameena Bank, and Andhra Pradesh Grameena Vikas Bank continue to drive rural development, provide affordable credit, and adopt digital banking solutions.

What are regional bank disadvantages?

Limited Geographic Reach One of the main drawbacks of regional banks is their limited reach compared to national banks. While national banks like Chase or Bank of America have branches nationwide, regional banks operate within specific areas.

Why merger of RRBs?

In order to improve operational viability of Regional Rural Banks (RRBs) and to take advantage of economies of scale, Government of India initiated structural consolidation of RRBs in FY 2005-06.

Who finances RRB?

The number of branches of RRBs increased to 20,024 as on 31 March 2015 covering 644 districts throughout the country. The sources of funds of RRBs comprise of owned fund, deposits, borrowings from NABARD, Sponsor Banks and other sources including SIDBI and National Housing Bank.

What are the benefits of RRBs for farmers?

According to the RRB Act 1976, RRBs provide financial assistance to farmers, Medium and Small Enterprises (MSMEs), local craftsmen, and artisans for agriculture, industries, trade, commerce, and their economic development.

Which state has the highest regional rural bank?

SSC/RRB/States Level MCQs

Notes: Uttar Pradesh has the highest number of 36 RRBs, followed by, Madhya Pradesh with 19 and Bihar with 16 RRBs. There are no RRBs in Goa and Sikkim. Question Source: 📚This question is part of Banking Awareness - 2025-26 course in GKToday's Android Application.

Who is the only Indian scientist to win a Nobel Prize?

Sir Chandrasekhara Venkata Raman was an Indian physicist famous for contributions to the physics of light for which he won the Nobel prize in physics in 1930 for his discovery of the Raman effect.