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The goals of Rural Banks are to provide banking services to the rural/village population of India. Gramya banks or Grameen banks are banks in India that provide banking services for the rural population in India. There are a total of 32 Grameen banks in India.
Some disadvantages of rural banking are:
- Profits are much lesser
- Revenues are much lesser
- Number of customers are lesser
- The types of services provided are much lesser
All these are with respect to banking services provided by banks in cities.
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