Regional Rural Banks - Rural Banking | SBI - Agri & Rural
Regional Rural Banks
Regional Rural Banks
The Regional Rural Banks (RRBs) were established in 1975 under the provisions of the Ordinance promulgated on 26th September, 1975 and Regional Rural Banks Act, 1976 with a view to developing the rural economy by providing, for the purpose of development of agriculture, trade, commerce, industry and other productive activities in the rural areas, credit and other facilities, particularly to small and marginal farmers, agricultural labourers, artisans and small entrepreneurs, and for matters connected therewith and incidental thereto.
As on 31.03.2022, SBI is having 14 sponsored RRBs with a network of 4725 branches spread across 217 districts.
Postal Address of Head Office:2-5-8/1 , Near Ambedkar Statue, Ramnagar, Hanmakonda, Warangal-506001, Telangana
Website Address: www.apgvbank.in
Postal Address of Head Office:E-Sector, Shiv Mandir Road, Papum Pare District, PO Naharlagun-791110, Arunachal Pradesh
Website Address: www.apruralbank.co.in
Postal Address of Head Office:Mahadevghat Road, Sundar Nagar, Raipur-492013, Chhattisgarh
Website Address: www.cgbank.in
Postal Address of Head Office:3rd Floor Nirmaan Complex, IG Road, Barzulla, Srinagar, J&K-190005
Website Address: www.edb.org.in
Postal Address of Head Office:Market Complex, 3rd Floor, Zila Parishad Office Premises, Kutchery Road, Ranchi – 834001, Jharkhand.
Website Address: www.jrgb.in
Postal Address of Head Office:In front of Mahila Polytechnic Girls Hostel, Poddar Colony, Tili Road, Sagar-470001, Madhya Pradesh
Website Address: www.mgbank.co.in
Postal Address of Head Office:MTC Building, 2 nd Floor, Shillong -793001, Meghalaya
Website Address: www.meghalayaruralbank.co.in
Postal Address of Head Office:MINECO, Khatla, Aizawl-796001, Mizoram
Website Address: www.mizoramruralbank.in
Postal Address of Head Office:AMK Shopping Complex, 2nd Floor, Near Congress Bhawan, D Block, Kohima-797001, Nagaland
Website Address: www.nagalandruralbank.com
Postal Address of Head Office:Tulsi Tower, 9th B Road, Sardarpura, Jodhpur-342003, Rajasthan
Website Address: www.rmgb.in
Postal Address of Head Office:Wing No 2, 1st Floor, LIC Jeevan Prakash Building, Tagore Road, Rajkot, Gujarat-360001
Website Address: www.sgbrrb.org
Postal Address of Head Office:House No 2-1-520 2nd Floor, Vijaya Sri Sai Celestia, Street No. 9, Shankermutt Road, Nallakunta, Hyderabad-500044
Website Address: www.tgbhyd.in
Postal Address of Head Office:Door Sanchar Bhawan, Near New Bus Stand, Bolangir-767001, Odisha
Website Address: www.utkalgrameenbank.co.in
Postal Address of Head Office:18 New Road, Dehradun-248001
Website Address: www.uttarakhandgraminbank.com
The aggregate Deposits and Advances of all RRBs (sponsored by the Bank) as on 31.03.2022 stood at Rs.1,13,502 Cr and Rs.73,755 Cr respectively. The RRBs together have posted a Profit of Rs.1,659.53 Cr during the FY 2021-22. The bulk of the loans from RRBs were to the priority sector. The percentage of priority sector advances and Agriculture Advances to total advances as on 31.03.2022 was 81.09% (benchmark 75%) & 60.70% respectively.
All these RRBs are on Core Banking platform. In addition to that, SBI has implemented various technology products in its sponsored RRBs which enabled them to adopt modern technologies in banking. This has helped the RRBs to improve their performance at par with Commercial Banks.
Last Updated On : Tuesday, 13-06-2023
Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
Rural
Rural Self Employment Training Institutes (RSETIs)
Criteria
- Features
- Eligibility
- Terms and Conditions
Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above