Mizoram Rural Bank Explained

Mizoram Rural Bank
Type:	Regional Rural Bank
Foundation:	27 September 1983
Location:	Aizawl, Mizoram, India
Area Served:	Mizoram
Industry:	Banking, Financial services
Owner:	Government of India (50%) Government of Mizoram (15%) State Bank of India (35%)
Parent:	Ministry of Finance, Government of India.

Mizoram Rural Bank (MRB) is a Regional Rural Bank in Mizoram sponsored by State Bank of India.It is under the ownership of Ministry of Finance, Government of India.^[1]

History

It was established on 27 September 1983^[2] under the Regional Rural Bank Act, 1976^[3] and is the only Bank having presence in all districts of Mizoram.^[4] Mizoram Rural Bank started using core banking only in February 2011.

Operation

Mizoram Rural bank has 100 branches, covering all the 11 districts and 26 RD blocks.^[5] The Bank is headquartered in Aizawl.

See also

• Banking in India
• List of banks in India
• Reserve Bank of India
• Regional Rural Bank
• Indian Financial System Code
• List of largest banks
• List of companies of India
• Make in India

External links

• Rural banks at rbi.org.in

Notes and References

1. Web site: MRB-in 2015-16 ah vbc. 16.45 an hlêp . Vanglaini . 19 December 2018.
2. Web site: MRB-in an din champha an lawm . Vanglaini . 19 December 2018.
3. Web site: CM hoin MRB Day vawi 31-na lawm a ni . Vanglaini . 19 December 2018.
4. Web site: About Mizoram Rural Bank . Mizoram Rural Bank . 19 December 2018.
5. Web site: Rural Bank din champha vawi 35-na . Vanglaini . 19 December 2018.