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      Question

      Which banks are NOT covered under these Reserve Bank of

      India (Interest Rate on Advances) Directions, 2016?
      A Scheduled commercial banks (excluding RRBs) Correct Answer Incorrect Answer
      B Small Finance Banks Correct Answer Incorrect Answer
      C Local Area Banks Correct Answer Incorrect Answer
      D Foreign branches of Indian banks Correct Answer Incorrect Answer
      E All of the above are covered. Correct Answer Incorrect Answer

      Solution

      Master Direction - Reserve Bank of India (Interest Rate on Advances) Directions, 2016 The provisions of these Directions shall apply to every Scheduled commercial bank (excluding RRBs), Small Finance Bank and Local Area Bank1. These directions shall not be applicable to operations of foreign branches of Indian banks.

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