Home / interview preparation / IBPS RRB Interview Questions Expected

IBPS RRB Interview Questions Expected

Getting to know RRBs for Interviews.Regional rural Banks are one of the RRBs which are functioning in rural and urban areas and provide the credit facility to farmers, artsans, low income group etc. It provides easy loan to economically backward and rural people. Generally it provides agriculture loan, consumption loan, Kisan Credit Card etc which are some of its popular products.

RRBs were established in India under the Narsimhan committee which was set up in 1976. On the recommendations of Narsimhan committees Regional Rural banks were formed and at first 19 RRbs were established at various states in the country. The First RRB was Prathma Gramin Bank. Candidates who have qualified their RRB written examination for officers and office assistants posts have been searching for the interviews process which will be conducted very soon and this will be beneficial for the candidates to know the details of RRBs in India which will provide them necessary details and they will be confident while in the interview. Candidates who will pass the interview process will next be called for the joining process which will be the last phase. Candidates should try to score well in the interviews as well.

Details about Regional Rural Banks for interview

The interviews are going to be conducted very soon at various centers and RRBs have released the interview call letters and candidates will have to visit the official website after which they will be able to download it. Candidates who will perform well in the interviews have better chances of the selection process and they will be able to get through this.

Here are some of the details which  the candidates need to know now before they can appear in the examination and interview phase. RRBs are generally located in the rural areas but now the branches of RRbs are present in the Urban areas as well. RRBs are regulated by the NABARD and RBI. NABARD held inspection from time to time on these RRBs to check their functioning and if they are working as per the guidelines or not. Reserve bank of India is the regulator of all the finance business in India. RRBs were made with some objectives in the mind they are:

  • Bridging the credit gap in rural areas
  • Check the outflow of rural deposits to urban areas
  • Reduce regional imbalances and increase rural employment generation

One of the main purpose that RRBs were made was related to the fulfillment of credit requirement by the rural people. Access to credit is necessary for all and those who will have access of credit can start their business, repay their loans, invest in various businesses.

Some of the functions of RRBs are given below. Regional Rural banks are now providing all the products and facility as commercial banks in cities. RRBs accept deposits and provide loans of all types now based on the economical condition of the rural people.  All the RRBs are now connected through CBS (core business solution) and they provide the facility of NEFT and RTGS for the faster transfer of money from one account to another in any RRBs and outside in any other bank branch. Some important functions of RRBs are given below.

  • granting loans and advances to small and marginal farmers and agricultural labourers‚ whether individually or in groups,  and to cooperative societies‚ including agricultural marketing societies‚ agricultural processing societies‚ cooperative farming societies‚ primary agricultural credit societies or farmers’ service societies‚ primary agricultural purposes or agricultural operations or other related purposes, and
  • granting loans and advances to artisans‚ small entrepreneurs and persons of small means engaged in trade‚ commerce‚ industry or other productive activities‚ within its area of operation.

RBI has instructed the RRBs to follow their priority sector lending noirms just like the commercial banks. They have to provide 40% of available to the priorty sectors. 25% of this 40% is especially mean for the weaker sections of the society.

Micro finance:

Micro-finance is a novel approach to “banking with poor”as they attempt to combine lower transaction costs and high degree of repayments. The major thrust of these micro-finance initiatives is through the setting up of  Self Help Groups (SHGs),Non-Governmental organizations(NGOs),Credit Unions etc.

Kisan Credit Card:

Another notable development in recent years is the introduction of Kisan Credit Cards(KCC) in 1998-99.The purpose of the Kisan Credit Cards(KCC) scheme is to facilities short term credit to farmers. The scheme has gained popularity and its implementation has been taken up by 27 commercial banks, 187 RRBs and 334 Central cooperative banks.

KCC and Micro finance are some of the important products for which RRBs are admired and these are available only in the regional rural banks. Government keeps changing its norms for the KCC and micro finance.

Banking Exams Interview Preparation

2 comments

  1. Sir Plz Clear The preaprtion About Genral Awarness

  2. sir PLz Clear The Verfication About….Genral Awnerness

Leave a Reply

Your email address will not be published. Required fields are marked *

*