Multiple choice

Which of the following statements is incorrect regarding RRB?

  1. These banks are exempted from maintenance of SLR and CRR
  2. These banks can do non-fund based business
  3. These banks can invest in shares and debentures of companies

  1. 1

  2. 1 and 2

  3. 2 and 3

  4. 1, 2 and 3
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Statement 1 is incorrect because RRBs are not exempted from maintaining SLR (Statutory Liquidity Ratio) and CRR (Cash Reserve Ratio); they are required to maintain these like other scheduled commercial banks.

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