The area of operation of …………banks are maximum of three geographically neighbouring districts and they are allowed to open branches only in their area of operation.
A)local area banks
B)co-operative banks
C)rrb
D)foreign exchange banks

Question

Quizplus · Accepted Answer

Local Area Banks (LABs) are small-sized banks that operate in limited areas, typically a maximum of three geographically contiguous districts. They aim to provide banking services to the local population, including small businesses, farmers, and other unbanked groups, within their specified area of operation.

The Area of Operation of …………Banks Are Maximum of Three