GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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IBA
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RBI
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SIDBI
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NABARD
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Detailed explanation-1: -Which one of the following set up core banking infrastructure for rural banks? National Bank for Agriculture and Rural Development has set up joint liability groups (JLG) of farmers to facilitate delivery of credit to farmers.
Detailed explanation-2: -National Bank for Agriculture and Rural Development (NABARD) It is an apex regulatory body for the overall regulation and licensing of regional rural banks and apex cooperative banks in India.
Detailed explanation-3: -Gartner defines a core banking system as a back-end system that processes daily banking transactions and posts updates to accounts and other financial records. Core banking systems typically include deposit, loan and credit processing capabilities, with interfaces to general ledger systems and reporting tools.