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What is rural banking and hightlight the role of rural banking?
Wiki User
∙ 14y ago
Rural banks are nothing but the extension counters of actual banks located in cities.
Not many banks are willing to expand to rural areas because of lower volumes/profit margins. Because of insistence from the Government of India many government and public sector banks are moving over into the villages to provide banking and financial services to the rural population of India.
Wiki User
∙ 14y ago
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What is the meaning of remote banking?
rural banking
What is rural banking and its functions?
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.
What are the rural banking policies of India?
The rural banking policies of India are aimed at spreading literacy of savings and economic growth. They also help the people rural areas on credit flow issues.
What is rural banking?
Rural banking is the process of conducting banking transactions out in the country where bank branches are too far away to be of use. Rural banking is popular for very small towns and farmers who live far away from areas of larger population and cannot make the drive to these locations whenever they need to use banking services. Typically, an agent of the bank will visit these rural locations and offer to make transactions in an official capacity Rural banking is a common practice in places where banking institutions are few and far between, and people who need to carry out banking transactions may have difficulty finding a way to do so. With modern technology, more and more people have access to online systems that allow them to conduct certain types of banking without a nearby branch, but this technology is not available for everyone, and demand for rural banking is still high in some areas.
What are the disadvantages of rural banking?
Some disadvantages of rural banking are:Profits are much lesserRevenues are much lesserNumber of customers are lesserThe types of services provided are much lesserAll these are with respect to banking services provided by banks in cities.
What has the author C Krishnan written?
C. Krishnan has written: 'Role of rural banks in the rural development' -- subject(s): Agricultural credit, Banks and banking, Rural credit
What is the meaning of remote banking?
rural banking
What has the author Mihir Kumar Roy written?
Mihir Kumar Roy has written: 'Role of banks in rural development' -- subject(s): Banks and banking, Rural development
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A project on rural banking in India?
Dear Sir/Madam, I want to project on Rural Banking in India. Pls help me.
What is rural banking and its functions?
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.
What are the Activities of rural banking?
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.
What are the rural banking policies of India?
The rural banking policies of India are aimed at spreading literacy of savings and economic growth. They also help the people rural areas on credit flow issues.
What is rural banking?
Rural banking is the process of conducting banking transactions out in the country where bank branches are too far away to be of use. Rural banking is popular for very small towns and farmers who live far away from areas of larger population and cannot make the drive to these locations whenever they need to use banking services. Typically, an agent of the bank will visit these rural locations and offer to make transactions in an official capacity Rural banking is a common practice in places where banking institutions are few and far between, and people who need to carry out banking transactions may have difficulty finding a way to do so. With modern technology, more and more people have access to online systems that allow them to conduct certain types of banking without a nearby branch, but this technology is not available for everyone, and demand for rural banking is still high in some areas.
History of rural banking?
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Some disadvantages of rural banking are:Profits are much lesserRevenues are much lesserNumber of customers are lesserThe types of services provided are much lesserAll these are with respect to banking services provided by banks in cities.
