BANKING AFFAIRS

Detailed explanation-1: -The Board of Supervision (for State Cooperative Banks, District Central Cooperative Banks and Regional Rural Banks) has been constituted by NABARD.

Detailed explanation-2: -Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance, Government of India.

Detailed explanation-3: -Scheduled Commercial Banks are grouped under the categories of State Bank of India and its Associatees, Nationalised Banks, Foreign Banks, Regional Rural Banks, and Other Scheduled Commercial Banks.