The basic aim of the Lead Bank Scheme is that:
Detailed Explanation:
The Lead Bank Scheme was introduced by the Reserve Bank of India (RBI) in December 1969 to ensure coordinated banking and credit facilities in rural areas.
Under this scheme, a lead bank is assigned to each district to take the lead role in promoting intensive banking development, coordinating credit flow, and ensuring branch expansion in underbanked areas.
The primary objective is district-level concentrated development, not competition among banks or merely opening offices.
Question 4 of 4 Banking Reforms
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‘Basel III Accord’ or simply ‘Basel III’, often seen in the n...
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