When was first RRB in India established?

Q.  The first RRB of India Prathama Bank was established in which year?
- Published on 07 Feb 17

a. 1975
b. 1976
c. 1980
d. 1969

ANSWER: 1975
 
The first RRB, the Prathama Bank was established in the year 1975, with authorized capital of Rs. 5 crore.

The development process of RRBs started on 2 October 1975.

Also on 2 October 1976, five regional rural banks were set up with a total authorized capital Rs. 100 crore ($10 Million) which later augmented to 500 crores ($50 Million).

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    Discussion

  • swadesh   -Posted on 28 Feb 17
    i am very interesting

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