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Question
________ is the Regulatory Authority of Regional Rural Banks.
________ is the Regulatory Authority of Regional Rural Banks.
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Solution
The correct option is A NABARD
National Bank for Agriculture & Rural Development (NABARD) is an apex Development Bank by the Government of
India with a mandate for facilitating credit flow for promotion and development
of agriculture, cottage and village industries.
Regional Rural Banks on the other hand are small size
scheduled retail banks established under India's Regional Rural Banks Act 1976.
They have area of operation in 4-6 districts within the same state. They were
established with an objective to provide credit to 'small borrowers’ in rural
areas.
They borrow refinance from NABARD and other development
financial institutions, besides mobilising deposits from general public through
their branches.
National Bank for Agriculture & Rural Development (NABARD) is an apex Development Bank by the Government of India with a mandate for facilitating credit flow for promotion and development of agriculture, cottage and village industries.
Regional Rural Banks on the other hand are small size
scheduled retail banks established under India's Regional Rural Banks Act 1976.
They have area of operation in 4-6 districts within the same state. They were
established with an objective to provide credit to 'small borrowers’ in rural
areas.
They borrow refinance from NABARD and other development financial institutions, besides mobilising deposits from general public through their branches.
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