Multiple choice

Lead bank scheme in India was introduced in

  1. 1952

  2. 1971

  3. 1969

  4. 1962
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Lead Bank Scheme was introduced in 1969 based on the recommendations of the F. S. Nariman Committee (not to be confused with the Narsimhan Committee). Under this scheme, each district was assigned a 'lead bank' that would coordinate banking services and credit flow in that area. The scheme aimed to accelerate branch expansion and credit deployment in rural areas. 1969 also saw the nationalization of 14 major banks.

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