With a view to increase their resource base, RRBs have been permitted to

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	issue of credit/debit cards and settingup of ATMs
B	open currency chests
C	handle pension and other government business as sub-agents of those banks which are authorised to conduct government business
D	Both A and B

Explanation:

Detailed explanation-1: -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.

Detailed explanation-2: -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-3: -The Regional Rural Banks (RRBs) were established in 1975 under the provisions of the Ordinance promulgated on 26th September 1975 and Regional Rural Banks Act, 1976. RRBs are financial institutions which ensure adequate credit for agriculture and other rural sectors.

Detailed explanation-4: -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. They were created to serve rural areas with basic banking and financial services.

There is 1 question to complete.