Article Details

Regional Rural Banks in India: A Critical Analysis on the Financial Performance with Special Reference to Bihar | Original Article

Himanshu Kumar*, in Journal of Advances and Scholarly Researches in Allied Education | Multidisciplinary Academic Research

ABSTRACT:

Banks plays a vital role in the development in addition to growth of developing nations like India. Banks use lubrication the complete monetary and economic system and are confident smooth operations. Since 1991, various steps have recently been adopted by GOI regarding strengthening the RRBs i.e. recapitalisation of picked RRBs etc. Nearly 70 percent in the total of Indian population lives in rural areas. For that development regarding Indian economy, we have a need to have for the development associated with the rural areas. Typically the main objective behind the particular establishment of these banking institutions may be the development of culture, trade, commerce, industry and so on. This research paper includes light around the need associated with banking system in non-urban areas and significant position played by banking program in the progress countryside areas in India. The particular main aim of this kind of paper is to examine the present degree of economic performance of RRBs throughout India. This study is usually based on the supplementary data collected from the particular annual reports of NABARD. There is always the purpose for up-gradation associated with the rural banking devices in India through efficiency evaluation within the context regarding necessity of institutional non-urban credit to the weak rural folk.