Which statement is correct about Regional Rural Banks (RRBs)?
(A) They are created under RRB Act 1982
(B) A Regional Rural Bank can open branch at any place in India, with prior approval of NABARD.
(C) RRBs are exempted from maintaining CRR and SLR
· 1. Regional Rural Banks were established under the provisions of the RRB Act 1976 to provide sufficient banking and credit facility for agriculture and other rural sectors. · 2. The area of operation of RRBs is limited to the area as notified by Government of India covering one or more districts in the State · 3. There is no exemption to RRBs for maintaining CRR and SLR