15 - Local Area Banks

Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on Local Area Banks for IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Bank

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1).
What is the minimum start up capital fixed for Local Area Capital Banks?
2).
Under which act the Local Area banks are registered?
3).
What type of a bank is a Local Area Bank?
4).
With which bank South Gujarat Local Area Bank Ltd was merged in 2004?
5).
Which is the smallest Local Area Bank in India?
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