Which of the following is / are features of Regional Rural Banks in India?

  1. Direct regulation by RBI
  2. No need to maintain statutory ratio (CRR and SLR)

Select the correct option from the codes given below:

Answer: [B] Only 2

Regional rural banks are managed by NABARD a subsidiary of RBI. Second statement is correct 

This question is a part of GKToday's Integrated IAS General Studies Module