If these barriers were torn down by all euro-area countries, the growth outlook would shift considerably – and this would instantly give rise to higher investment. Complementary reforms on the European level aimed at the services sector could provide a further boost. Taken together, these measures are expected to lift growth by as much as 15% above the current baseline level after ten years.
(ii)  Regional rural banks  Regional Rural Banks (RRBs) were established in the year 1976 as a low cost financial intermediation structure in the rural areas to ensure sufficient flow of institutional credit for agriculture and other rural sectors. RRBs were expected to have the local feel and familiarity of the cooperative banks with the managerial expertise of the commercial banks.