RRBs are set up as rural-oriented commercial banks with a low-cost profile of co-operatives.

Question

State with reasons whether you agree or disagree with the following statements:

RRBs are set up as rural-oriented commercial banks with a low-cost profile of co-operatives.

Answer 1

Yes, I do agree with the statement. 

• RRBs cater to the needs of the rural poor. 
• RRBs work with the professional decision and modern outlook of commercial banks.
• They are specialized banks established under RRB Act, 1976. 
• Thus, we can say RRBs are ruraloriented commercial banks.