The operational procedures of RRBs are similar to that of commercial banks, which have been known to be unfavourable with the rural masses.
A
True
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B
False
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Solution
The correct option is A True
The
operational procedures of RRBs are similar to that of commercial banks,
which have been known to be unfavourable with the rural masses- the following statement is true.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 Regional Rural Banks (RRBs) operate under the supervision of NABARD.