Regulatory body of RRBs

Q.  Which of the following apex bodies regulates the RRBs?
- Published on 13 Feb 17

a. RBI
b. NABARD
c. SIDBI
d. State Government

ANSWER: NABARD
 
Regional Rural Banks (also RRBs) are local level banking organizations operating in different states of India.

They have been created with a view to serve primarily the rural areas of India.

Regional Rural Banks are regulated by National Bank for Agriculture and Rural Development (NABARD).

As of March 2014, the number of RRBs has been reduced to 57.

NABARD - National Bank for Agriculture and Rural Development

Headquarters : Mumbai, Maharashtra, India
Established : 12 July 1982
Current Head : Dr. Harsh Kumar Bhanwala (Chairman)

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