Gramin Banks to Celebrate Golden Jubilee on 2nd October

Indore: Gramin Banks will celebrate its 50th anniversary (Golden Jubilee) on October 2, 2025. The first rural bank was established on October 2, 1975.

The main celebration will be held at Bharat Mandapam, New Delhi on October 2, 2025. The event is being organized at the national level with the guidance of the Department of Financial Services, Ministry of Finance, Government of India.

As part of the event, NABARD will organize an exhibition. Rural banks will display innovative and technology-based financial products and services. These will include SHG initiatives, home loans, education loans, social security schemes, digital banking services, customer-friendly services, and new recovery methods.

The Golden Jubilee is expected to highlight the journey of rural banking and its role in financial inclusion over the last five decades.

Know About RRBs

Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at the regional level in different states of India. These banks are under the ownership of the Ministry of Finance, Government of India, Sponsored Bank and concerned State Government in the ratio of 50:35:15 respectively. They were created to serve rural areas with basic banking and financial services. However, RRBs also have urban branches.

The Government of India enacted the Regional Rural Banks Act in 1976, which led to the establishment of the first five RRBs on 2 October 1975. The first RRB was Prathama Bank, which was sponsored by Syndicate Bank and had its headquarters in Moradabad, Uttar Pradesh.