Which of the following is not true of the Regional Rural Banks RRBs ........

Economic Affairs Types of Banks and Banking

Which of the following is not true of the Regional Rural Banks (RRBs)?

They provide direct loans to small and marginal farmers

They are co-sponsored by Reserve Bank of India

Besides extension of loans they can perform other banking operations

State Governments are share-holders in RRBs

2nd statement is incorrect.

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

Submit Error

Nabard doesn't control RRB

Tanya

kindly revisit the explanation.