List of rural banks in India is very long where as Rural banks also know as regional rural banks in India.History of Regional Rural Banks ( RRBs ) started from the year 1975 when these banks were established under the provision of the RRB Act 1976 with a straight forward view in developing the rural economic as well as to creating an alternative channel to "Co-operative Credit Structure" in order to ensure sufficient institutional credit for rural and agricultural sector of whole India.In simple words we can say that Regional Rural Banks ( RRBs ) were established to take the banking sector to the door steps of rural India, were people don't have any access to banking services.
These banks provides institutional credit to the weaker and poor sections of the society at low rate or interest.These banks were also intended to customise rural savings and categories the productive activities in the rural area.On 2 October, 1975 initially 5 RRBs were established at Moradabad and Gorakhpur in Uttar Pradesh, Bhiwani in Haryana, Jaipur in Rajasthan and Malda in West Bengal, later on RRBs were extended to others districts in India.
Initially RRBs were established to support the productive activities in the rural area but with effect from April 1997 the concept of priority sector lending was made applicable to RRBs and rates on terms deposits offered and interest rates on loans charged by Regional Rural Banks have been freed and very important is that each rural bank has its own sponsor bank which provides all infrastructure to these banks mostly nationalised banks.
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These banks provides institutional credit to the weaker and poor sections of the society at low rate or interest.These banks were also intended to customise rural savings and categories the productive activities in the rural area.On 2 October, 1975 initially 5 RRBs were established at Moradabad and Gorakhpur in Uttar Pradesh, Bhiwani in Haryana, Jaipur in Rajasthan and Malda in West Bengal, later on RRBs were extended to others districts in India.
Initially RRBs were established to support the productive activities in the rural area but with effect from April 1997 the concept of priority sector lending was made applicable to RRBs and rates on terms deposits offered and interest rates on loans charged by Regional Rural Banks have been freed and very important is that each rural bank has its own sponsor bank which provides all infrastructure to these banks mostly nationalised banks.
| S.No. | Bank Name | Head Office | Sponsor Bank |
|---|---|---|---|
| 1 | Allahabad UP Gramin Bank | Dr. Bhargawa's Kothi, Chilla Road, Banda-210 001 Uttar Pradesh | Allahabad Bank |
| 2 | Baroda Uttar Pradesh Gramin Bank | A-1, Civil Lines, Rae Bareli, Uttar Pradesh | Bank Of Baroda |
| 3 | Ballia–Etawah Gramin Bank | Indira Market, Ballia – 277001 Uttar Pradesh | -- |
| 4 | Gramin Bank of Aryavart | A-2/46, Vijay Khand, Gomti Nagar, Lucknow-226010 | Bank Of India |
| 5 | Kashi Gomti Samyut Gramin Bank | C-19/40, Faatman Road, Sigra, Varanasi - 221 001 Uttar Pradesh | Union Bank Of India |
| 6 | Kshetriya Kisan Gramin Bank | Kachhari Road, Mainpuri, Uttar Pradesh | -- |
| 7 | Prathama Bank | Nainital Road, Moradabad - 244 001 Uttar Pradesh | Syndicate Bank |
| 8 | Purvanchal Bank | Mohaddipur, Gorakhpur - 273 008 Uttar Pradesh | State Bank of India |
| 9 | Sarva UP Gramin Bank | C-40/5, Jagriti Vihar, Garh Road, Meerut Uttar Pradesh | Punjab National Bank |
| 10 | Shreyas Gramin Bank | Diggi Road, P.B.No.35, Aligarh - 202 001 Uttar Pradesh | Dena Bank |
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