Which of the following is not the part of the scheduled banking structure in India?
A
Money lenders
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B
Public sector nanks
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C
Private sector banks
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D
Regional rural banks
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Solution
The correct option is A Money lenders Money lenders give a loan at a higher rate. The local moneylenders, relatives, friends and finance companies that grant a loan to the people in need at higher interest rates are informal lenders of credit.