BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RRBs are refinanced at
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2% below the bank rate
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1% below the bank rate
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2% below the repo rate
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1% below the repo rate
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Explanation:
Detailed explanation-1: -NABARD provides Co-operative Banks and Regional Rural Banks loans and advances, repayable on demand or on the expiry of fixed periods not exceeding 12 months, by way of refinance for production, marketing and procurement activities.
Detailed explanation-2: -The existing rate of refinance for RRBs is 6.6%.
Detailed explanation-3: -With a total of 56 RRBs in India, candidates across the country look forward to get recruited in one of these and join the banking sector.
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