Advertisements
Advertisements
प्रश्न
Write a short note on Local Area Banks, Give two examples.
Advertisements
उत्तर
The local Area Bank (LAB) scheme was introduced by the RBI in August 1996. LABs are small private sector banks established in rural and semi-urban areas. Each bank serves two or three adjoining districts only. Their main objective is to mobilize rural savings (accept deposits) and invest them in the same areas.
Examples:
- Coastal Local Area Bank, Vijayawada, Andhra Pradesh.
- Subhadra Local Area Bank Limited, Kolhapur, Maharashtra
APPEARS IN
संबंधित प्रश्न
Explain the different types of banks.
Choose the Correct Answer.
Foreign banks are begun their operation since ______
Briefly explain about Correspondent Banks?
Which of the following banks regulate the supply of money in the economy?
Assertion: Central banks control credit.
Reasoning: Commercial banks issue bank drafts.
RBI is ______.
Name the largest commercial bank of India.
Name one development bank.
What is meant by an overdraft facility given by a commercial bank?
Distinguish between saving account and current account.
