uk Global Banking News - 23 April 2013 A new bill in India is expected to help regional rural banks (RRBs) list on national exchanges.
What does RRB stand for?
RRB stands for Regional Rural Bank (India)
This definition appears frequently and is found in the following Acronym Finder categories:
- Organizations, NGOs, schools, universities, etc.
- Business, finance, etc.
See other definitions of RRB
We have 45 other meanings of RRB in our Acronym Attic
- Radio Regulations Board
- Radio Russkij Berlin (German radio station)
- Radio Rythme Bleu (French radio station; New Caledonia)
- Railroad Business (mail)
- Railroad Retirement Board
- Railway Recruitment Board (India)
- Randy Rogers Band
- Ready Review Board
- Real Return Bonds
- Reduced Readiness Battery
Samples in periodicals archive:
Baroda Gujarat Grameen Bank (BGGB), a regional rural bank announced the introduction of RuPay ATM Card for its customer in the country.
So far, the scheme was available for loans extended by public sector banks, regional rural banks and cooperative banks.
The second Regional Rural Bank in Himachal Pradesh, as PGB, sponsored by State Bank of India, came into existence in 1985.
Regional Rural Banks were established with only one objective to help removal of poverty and taking the banks to the doorstep of the people either through a bank branch or otherwise rural branch.
Companies could initially be allowed to take over regional rural banks before being issued a bank licence, the Reserve Bank of India (RBI) said in a discussion paper.
Datacraft, an IT solutions and services provider, has joined hands with a leading application service provider (ASP) to provide a core banking solution to a number of regional rural banks (RRBs) in India.
He added that its division into three smaller banks - a trade bank, a regional rural bank and a bank for micro-finance - would improve the overall standard of banking in Tanzania.