To improve access of the poor to banking RBI has advised banks to open branches with minimum infrast...........

Indian Economy (Easy) Money and banking

To improve access of the poor to banking, RBI has advised banks to open branches with minimum infrastructure supporting up to 8 to 10 Business Correspondents (BC) at a reasonable distance of 3-4 km. Such branches are known as

Nodal Branches

Micro Branches

Mini Branches

Ultra Small Branches

छोटे Courses बड़े Results

Master Money and banking

Prepare through Micro-courses

Try Now

Explanation:

The Ministry of Finance, Department Of Financial Services, Government of India, and the Reserve Bank of India (RBI) are introducing Ultra Small Branches (USBs) in remote areas. these will be set up between the base branch and Business Correspondent’s (BC) location to provide support to about 8-10 units within a three to four kilometer radius.