Open AccessFinancial Performance of Regional Rural Banks in Tamilnadu
Author(s) -
G Pandi
Publication year - 2019
Publication title -
international journal of innovative technology and exploring engineering
Language(s) - English
Resource type - Journals
ISSN - 2278-3075
DOI - 10.35940/ijitee.b1222.1292s219
Subject(s) - business , rural area , financial institution , rural population , finance , descriptive statistics , population , accountability , statistics , medicine , demography , mathematics , pathology , sociology , political science , law
Regional rural banks play a crucial role for the development of rural areas, which consists of two-third population in India. RRBs provides timely credit and other required assistance to the rural population. The success of rural finance mainly depends on the financial potency and capability. Regional rural banks are the most important financial institution at the rural level which assumed the accountability of fulfilling credit requirements of rural areas. This study is conducted on the basis of secondary data collected from annual reports of NABARD. This study measures the growth pattern of RRBs, key performance indicators and financial performance of RRBs. This study used 10 year data from 2007-08 to 2016-17, and uses descriptive statistics and growth percentages to get reliable results. It was concluded that the financial performance of regional rural banks has increased significantly.