Bank of baroda

Regional Rural Banks
In accordance with the Regional Rural Banks Act, 1976 providing for the incorporation, regulation and functioning of
Regional Rural Banks and with the view to develop the rural economy, the Bank has sponsored 17 RRBs with a network
of 1,193 branches spread over 40 districts in five states of India, i.e., Uttar Pradesh, Rajasthan, Gujarat, Madhya Pradesh
and Uttaranchal, with a view to provide banking services in rural areas in pursuance of GoI policies.
The Regional Rural Banks Act, 1976 stipulates the limit of paid-up capital of a regional rural bank and further stipulates
that 50% of such capital would be contributed by the GoI, 35% by the Bank, and 15% by the relevant State Government.

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BANK OF BARODA
Each of the RRBs is governed independently by a Board of Directors comprising of the following directors appointed in
accordance with the Regional Rural Banks Act, 1976:
1.
Chairman;
2.
One Director nominated by RBI;
3.
One Director nominated by NABARD;
4.
Two Directors nominated by GoI;
5.
Two Directors nominated by the relevant State Government; and
6.
Two Directors nominated by the Sponsor Bank.
The RRBs sponsored by us are:
(1) Raebareli Kshetriya Gramin Bank; (2) Sultanpur Kshetriya Gramin Bank; (3) Allahabad Kshetriya Gramin Bank; (4)
Kanpur Kshetriya Gramin Bank; (5) Pratapgarh Kshetriya Gramin Bank; (6) Fatehpur Kshetriya Gramin Bank; (7) Faizabad
Kshetriya Gramin Bank; (8) Bareilly Kshetriya Gramin Bank; (9) Shahjahanpur Kshetriya Gramin Bank; (10) Nainital
Almora Kshetriya Gramin Bank; (11) Marudhar Kshetriya Gramin Bank; (12) Aravali Kshetriya Gramin Bank; (13) Bundi
Chittorgarh Kshetriya Gramin Bank; (14) Bhilwara Ajmer Kshetriya Gramin Bank; (15) Dungarpur Banswara Kshetriya
Gramin Bank; (16) Baroda Gujarat Gramin Bank; and (17) Jhabua Dhar Kshetriya Gramin Bank.
Raebareli Kshetriya Gramin Bank
Raebareli Kshetriya Gramin Bank was established on March 29, 1976 with its head office at Raebareli.The operational
area of the Raebareli Kshetriya Gramin Bank is the district of Raebareli in Uttar Pradesh and it has 69 branches.
The Board of Directors of Raebareli Kshetriya Gramin Bank as of March 31, 2005 is as follows: