Regional Rural Banks (RRBs) operate under the supervision of __________.
A
State Government
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B
RBI
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C
Central Government
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D
NABARD
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Solution
The correct option is D NABARD Regional Rural Banks (RRBs) operate under the supervision of NABARD.
Regional Rural Banks have been termed as small man's banks.The objective of RRB is to provide credit to :- (i) small and marginal farmers (ii) rural artisans (iii) small entrepreneurs (iv) agricultural labourers In order to strengthen the RRBs, following steps were taken :-
A) Amalgamation of RRBs was started in 2005B) The number of RRBs was reduced from 196 to 82.