A Case Study on the Growth of Rural Banking in India

Abstract

Purpose: In India, rural banking has played a very important role in advancing technology and balancing the economy. The main aim of rural banking is to provide easy access to financial services for the rural population, which is typically underserved by the formal banking sector. The main goal of this paper is to throw light on RRBs and their contribution to the Indian banking system and economy, to compare the growth of amalgamation and presents standalone RRBs, and to identify the problems faced by RRBs by evaluating their performance over the years.

Design/ Methodology Approach: The study is grounded on basis of the Secondary data. The secondary data was gathered from a variety of public and unpublished sources, including websites, books, journals, magazines, newspapers, Reserve Bank of India annual reports, and research papers.

Findings: The study observed that there has been growth in terms of the number of branches and their Performance. The efficiency to expand and finance to rural areas people have increased. The new systems of amalgamation have improved banks’ maintenance and expansion in terms of work.

Originality/ Value: The study is an attempt to give an outline history of the RRBs as well as the performance or growth of RRBs as a result of amalgamation.

Paper Type: Research Case Study based on industry analysis.