BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following measures have been taken to enlarge resources available to RRBs?
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Lines of credit at a reasonable rate of interest from sponsor banks
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Access to inter-RRB term money/borrowings
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Access to repo/CBLO markets
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All of the above
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Explanation:
Detailed explanation-1: -Ans. The main improvement strategies for Regional Rural Banks are to make them more autonomous, increase their authorised capital, provide adequate financial assistance, and reduce the cost of operations.
Detailed explanation-2: -Section 35(6) of the Banking Regulation Act, 1949 empowers NABARD to conduct inspection of State Cooperative Banks (StCBs), District Central Cooperative Banks (DCCBs) and Regional Rural Banks (RRBs) (collectively called NABARD’s Supervised Entities).
Detailed explanation-3: -The sources of funds of RRBs comprise of owned fund, deposits, borrowings from NABARD, Sponsor Banks and other sources including SIDBI and National Housing Bank.
There is 1 question to complete.