 "money management, rural banking, Regional Rural Banks")
The journey of regional rural banks (RRBs), which started with five of them on October 2, 1975, has been phenomenal. These banks are jointly owned by the Centre, state governments and sponsor banks in the proportion 50 : 15 : 35. The sponsors are state-run, private and cooperative banks; managerial support is provided to RRBs by deputing the chairman and other senior functionaries. These banks have a presence in all states of the country, except Goa, Sikkim and a couple of Union territories.
The number of RRBs increased to 196 in the expansion phase, followed by a multi-phased consolidation spread
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