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rural banks are concern only on mobilizing and giving financing needs to rural areas while Thrift banks are providing services to the thrift or savers meaning rural banks grant loans to small farmers and thrift banks cater the depository of the savers.

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Q: What is the difference between rural banks and thrift banks?
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Related questions

What is the difference between regional rural banks and co-operative banks?

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How do you differentiate thrift banks from rural banks?

Thrift banks are also known as Savings and Loan Associations. They focus on taking deposits and originating home mortgages. They often have access to low cost funding from Federal Home Loan Banks, which means they have greater liquidity for mortgage loans and higher savings account yields for customers. Rural banks (or rural banking) is a bank located in a rural area that offers regular banking to those in the area.


What is the difference between commercial banks and rural banks?

Actually the services provided by a commercial bank and a rural bank are the same. They both provide bank accounts, accept deposits, grant loans etc. to its customers. The only difference between the two is the population they serve. Commercial banks serve the general population of the country that live in cities and towns whereas the rural banks serve the customers from the rural villages of the country.


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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.


Importance of rural banks?

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 is the function of a rural bank?

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 is the objective of a rural bank?

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 objectives of rural bank?

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.


Functions of a rural bank?

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.