Multiple choice

Which of the following statements is not correct in respect of Local Area Banks?

  1. It is registered under Indian Companies Act

  2. It is not included in second schedule of Reserve Bank of India

  3. Provisions that are applicable to RRBs are also applicable to Local Area Bank

  4. It is established wholly in private sector and it has no stake of Govt. in the capital

Reveal answer Fill a bubble to check yourself
B Correct answer