Section 21
Disposal of profits.
The Regional Rural Banks Act, 1976
About this Act
An Act to provide for the incorporation, regulation and winding up of Regional Rural Banks with a view to developing the rural economy by providing, for the purpose of development of agriculture, trade, commerce, industry and other productive activities in the rural areas, credit and other facilities, particularly to the small and marginal farmers, agricultural labourers, artisans and small entrepreneurs, and for matters connected therewith and incidental thereto.
After making provisions for bad and doubtful debts, depreciation in assets,
contributions to staff and superannuation funds and all other matters for which provision is, under law,
necessary or which are usually provided for by banking companies, a Regional Rural Bank may, out of its
net profits, declare a dividend.