Section 3: Establishment and incorporation of Regional Rural Banks

Q: What does Section 3 of The Regional Rural Banks Act, 1976 (RRB Act) deal with?

Section 3 RRB Act pertains to "Establishment and incorporation of Regional Rural Banks". It is part of the The Regional Rural Banks Act, 1976, a legislation enacted by the Parliament of India. Section 3 of The Regional Rural Banks Act, 1976 (RRB Act) governs establishment and incorporation of Regional Rural Banks. As verified on 19 May 2026.

Q: Is Section 3 RRB Act still in force?

Yes, Section 3 of the The Regional Rural Banks Act, 1976 is currently in force across the Republic of India.

Q: What is धारा 3 RRB Act?

धारा 3 RRB Act is the Devanagari Hindi reference for Section 3 of the The Regional Rural Banks Act, 1976. Section 3 of The Regional Rural Banks Act, 1976 (RRB Act) governs establishment and incorporation of Regional Rural Banks. As verified on 19 May 2026.

Q: What is Dhara 3 RRB Act?

Dhara 3 RRB Act is the Roman Hindi reference for Section 3 of the The Regional Rural Banks Act, 1976. "Dhara" means "Section" in Hindi. Section 3 of The Regional Rural Banks Act, 1976 (RRB Act) governs establishment and incorporation of Regional Rural Banks. As verified on 19 May 2026.

Q: How to cite Section 3 of The Regional Rural Banks Act, 1976?

Cite as: "Section 3, The Regional Rural Banks Act, 1976 (RRB Act)" in legal briefs. For academic writing, use the BlueBook format: The Regional Rural Banks Act, 1976, § 3 (India).

Law on Tips Editorial Board

(1)

The Central Government may, if requested so to do by a Sponsor Bank, by notification in the Official Gazette, establish in a State or Union territory, one or more Regional Rural Banks with such name as may be specified in the notification and may, by the said or subsequent notification, specify the local limits within which each Regional Rural Bank shall operate.

(2)

Every Regional Rural Bank shall be a body corporate with perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property and to contract and may sue and be sued in its name.

(a) subscribing to the share capital of such Regional Rural Bank;

(b) training personnel of such Regional Rural Bank; and

(c) providing such managerial and financial assistance to such Regional Rural Bank, as may be mutually agreed upon between the Sponsor Bank and the Regional Rural Bank: