1 crore. BIS central bankers’ speeches  1  7. From a modest beginning of 6 RRBs with 17 branches covering 12 districts in December, 1975 the number of RRBs increased to 196 RRBs with 14,446 branches in 1991 operating in 518 districts across the country.
This suggests that there may be fundamental and structural problems with the financial system like risk transfer rather than risk sharing, development of speculative products in the name of risk management instruments (derivatives), allowing unprecedented growth of the financial sector without any comparable growth in the real sector etc.