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Regional Rural Banks under the sponsorship of Nationalized Banks were established in the year:
Question

Regional Rural Banks under the sponsorship of Nationalized Banks were established in the year:

A.

1972

B.

1973

C.

1974

D.

1975

Correct option is D

✅ (d) 1975: • Regional Rural Banks (RRBs) were set up on 2nd October 1975 to provide credit and banking facilities in rural areas. • Sponsored by nationalized banks, with the aim to serve small and marginal farmers, laborers, and rural artisans. • The first RRB was Prathama Bank in Uttar Pradesh.

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