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Question

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.

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