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A Local Area Bank can do business in maximum _____ district(s).
- a)one
- b)two
- c)three
- d)four
- e)five
Correct answer is option 'C'. Can you explain this answer?
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A Local Area Bank can do business in maximum _____ district(s).a)oneb)...
The Local Area Bank Scheme was introduced in August 1996 pursuant to the announcement of the then Finance Minister. In his budget speech, the Finance Minister referred to the setting up of new private local banks with jurisdiction over two or three contiguous districts. He observed that this would enable the mobilization of rural savings by local institutions and make them available for investments in the local areas. The Local Area Banks (LABs) were expected to bridge the gaps in credit availability and strengthen the institutional credit framework in the rural and semi-urban areas.
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A Local Area Bank can do business in maximum _____ district(s).a)oneb)twoc)threed)foure)fiveCorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about A Local Area Bank can do business in maximum _____ district(s).a)oneb)twoc)threed)foure)fiveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A Local Area Bank can do business in maximum _____ district(s).a)oneb)twoc)threed)foure)fiveCorrect answer is option 'C'. Can you explain this answer?.
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