Regional Rural Banks need to open 1,700 branches this fiscal: RBI Report

Regional Rural Banks (RRBs) need to open 1,700 branches this fiscal -RBI Report

The Regional Rural Banks (RRBs) in the country need to achieve a 10 per cent growth in branch expansion in 2012-13. This, in spite of RRBs failing to achieve their branch expansion targets in the last two financial years. There are total 82 Regional Rural Banks in the country.

The RBI’s ‘Report on Trend and Progress of Banking in India 2011-12’ says that the RRBs are required to open around 1,700 branches during 2012-13.

As per the Government’s advice, RRBs were to open around 2,000 branches during 2010-11 and 2011-12, however, they fell short of the target. They opened 521 branches and 913 branches during 2010-11 and 2011-12, respectively.

The report said the Government has advised all sponsor banks of RRBs that 10 per cent of the existing RRB branch network will be the target for the year 2012-13. As on March 31, 2012, RRBs had a network of 16,914 branches.

“Accordingly, RRBs will be required to open 1,700 branches during the year 2012-13,” the report said.

Good News for Bank Job Aspirants

If 82 regional rural banks expands their network by 10percent this year, RRB will be required to hire more personnel to handle their business. It’s a good news for bank job aspirants who have cleared the Common Written Exams for Regional Rural Banks conducted by the IBPS and for those who wants to have career in banking sector.

7 thoughts on “Regional Rural Banks need to open 1,700 branches this fiscal: RBI Report

  1. scoring is  very  low but   ……

  2.  i have passed ibpsrrb office assistant but i havent studied local language at 1oth .any chance ?

  3. Karthikking629 says:

    hii i got 109 marks in office assistants there is a chance plz tel

  4. i got 124 in po and 133 in oa is there sny chance for interview call

  5. i got 105marks oa…any chance

  6. sir i got 113 marks (sc) up have i any chances for rrb po

  7. sir i got 127 marks in rrb (office assistant) have i any chance for interview

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