Definition of rural bank

A REGIONAL RURAL BANK IS A BANK SPONSORED BY NATIONALIZED BANK WITH A STAKE OF 50 % CAPITAL. THE REST CAPITAL IS METOUT BY CENTRAL GOVT, 35% AND STATE GOVT 15% RESPECTIVELY THE MAIN MOTTO TO EXTEND BANKING FACILITIES TO RURAL POPULATION. RD JOSHI 02 ONKAR NAGAR DHAR(mp) 454001