BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Public sector banks
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Private sector banks
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Both 1 and 2
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Neither 1 nor 2
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Detailed explanation-1: -The lead bank scheme assigned lead role to individual banks in the public sector and private sector for the districts allotted to them.
Detailed explanation-2: -For coordinating the activities in the district, a particular bank is assigned ‘Lead Bank’ responsibility of the district. The Lead Bank is expected to assume a leadership role for coordinating the efforts of the credit institutions and the Government.
Detailed explanation-3: -(iii) Pursuant to the above recommendations, the Lead Bank Scheme was introduced by the Reserve Bank of India in December 1969.
Detailed explanation-4: -The Reserve Bank of India’s (RBI) ‘Lead Bank Scheme’ is among the oldest financial inclusion programmes in the country. Initiated in 1969, the scheme assigns the role of lead bank to a public-sector bank in each district, based on the overall capabilities of the bank in the district.
Detailed explanation-5: -The basic aim of Lead Bank Scheme is that there should be stiff competition among the various nationalized banks and big banks should try to open offices in each district.