Over 3,100 RRB branches to be opened in 2 years

The Government today said over 3,100 branches of regional rural banks (RRBS) will be opened in different parts of the country in the next two years.

The Minister of State for Finance, Mr Namo Narain Meena, said during Question Hour that 1,297 branches of RRBs would be opened in 2012 and 1,845 in the following year.

As on March 2011, there were 82 RRBs with 16,001 branches. There are 19 nationalised banks with 44,369 branches and 20 private sector banks with 11,874 branches in the country, as on September-end. Besides, 39 foreign banks are operating in the country with 319 branches.