Origin of RRBs and the Bank
RRBs were established by Government of India, under the provisions of RRBs Act 1976, enacted by the Parliament.
The objective of setting up of these Special Category of Banks is to cater to the basic banking needs of rural people in particular, to contribute for the development of rural economy and prosperity of the region and employment generation.
RRBs have now become an integral part of the Indian Banking System.
RRBs like Public Sector Banks are established by Govt. of India and are the Scheduled Banks, notified by Reserve Bank of India.