New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which bank works as a Lead Bank in the

    district?
    A RBI Correct Answer Incorrect Answer
    B SBI Correct Answer Incorrect Answer
    C Any Bank which is interested Correct Answer Incorrect Answer
    D Any bank designated for this purpose Correct Answer Incorrect Answer
    E All together Correct Answer Incorrect Answer

    Solution

    Under the lead bank scheme administered by RBI since 1969, a bank (can be private or public) leads the consortium of all banks in the area. The role of lead bank is to coordinate the efforts of all banks in the area for credit expansion to sectors which are important to economy.

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