What is DICGC? Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly owned subsidiary of the RBI, created by an Act of Parliament in 1961. The objective of the DICGC is to protect small depositors from the risk of …
About RRBs Based on the recommendations of the Narasimham committee on rural credit, Regional Rural Banks (RRBs) were established in 1975 under the Regional Rural Banks Act, 1976 to provide financial assistance to different segments of the rural population. The …
About RRBs The Narasimham committee on rural credit recommended the establishment of Regional Rural Banks (RRBs) on the ground that they would be much better suited than the commercial banks or co-operative banks in meeting the needs of rural areas. …