Question 2151
Arrange the following states in terms of number of branches of regional rural banks in the year of 2023, in ascending order: A. Haryana B. Himachal Pradesh C. Jammu and Kashmir D. Punjab E. Assam Choose the correct answer from the options given below:
Answer
B, C, D, A, E
Why?
The correct answer is: B, C, D, A, E Key Points Number of branches of regional rural banks in Haryana: Haryana had 693 branches of regional rural banks as of 2023 Number of branches of regional rural banks in Himachal Pradesh: Himachal Pradesh had 276 branches of regional rural banks as of 2023 Number of branches of regional rural banks in Jammu & Kashmir: Jammu & Kashmir had 336 branches of regional rural banks as of 2023 Number of branches of regional rural banks in Punjab: Punjab had 443 branches of regional rural banks as of 2023 Number of branches of regional rural banks in Assam: Assam had 478 branches of regional rural banks as of 2023 Additional Information Regional Rural Banks (RRBs) were established under the Regional Rural Banks Act, 1976, with the aim of providing sufficient banking and credit facility for agriculture and other rural sectors. The goal of RRBs is to develop rural economy by providing credit for the development of agriculture, trade, commerce, industry, and other productive activities in the rural areas. RRBs are jointly owned by the Government of India, the respective state government, and a sponsor bank, which usually is a nationalized commercial bank. The role of RRBs has been crucial in ensuring financial inclusion, especially in remote and underserved areas where commercial banks may not have significant reach.
