Record profit of over Rs.150-cr by 2 regional rural banks

Two of the 56 Regional Rural Banks in the country notched up net profit of over Rs. 150 crores each in FY 2016-17. As per RBI’s ‘Report on Trend and Progress of Banking in India’, 45 of the 56 RRBs earned profits without carrying any accumulated losses during 2015-16.

At the end-March 2017, RRBs had 21,398 branches spread across 676 districts and 28 States.