A Study of History, Objectives & Area of Functioning of Regional Rural Banks
Keywords:
Regional Rural Banks (RRBs), BankingAbstract
Banking, which is an intermediary of financial system, functions and facilitates the flow of funds from the surplus of income people to the needy of credit. That is why, the banking system has an essential role in the capital formation. Towards this, the banking services are essentially required for both savings and advances in order to bring the socio-economic development. Rural development is largely depends on the effective banking system, which is pro-active to the ever-changing circumstances. In other words, the banking should have a sound organization and a prudent management fitting in the environment of rural areas.
References
Government of India, Regional Rural Banks Act, 1976.
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Koontz O’Donnel, “Principles of Management - An analysis of Management functions,” New Delhi; McGraw Hills Company, 1972, p.219.
Terry, G.R., “Principles of Management,” Illinois; Richard, D.Irvin, Inc., 1977, p.214.
Talwar, R.K., “Some Issues in Rural Banking” The Journal of Indian Institute of Bankers. Vol.42 (2), April-June 1972, p.175.
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