Money and banking

Indian Economic System(CSC)

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The first regional rural bank was established on…..

26th January, 1947

2nd October, 1975

15th August, 1975

14th November, 1972

Explanation:

Prathama Bank is the first Regional Rural Bank of India, sponsored by Syndicate Bank established on 2nd October, 1975, with its Head Office at Moradabad in accordance with Regional Rural Bank Ordinance 1975 issued on 26th September, 1975 (Replaced later by Regional Rural Bank Act, 1976(2) of 1976 of Government of India).

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