Question

The Kerala Grameen Bank was formed by the merger of which two banks?

• A. Canara Bank and State Bank of India
• B. North Malabar Grameen Bank and South Malabar Grameen Bank
• C. Bank of Kerala and Federal Bank
• D. None of the these

Answer 1

Answer:

B. North Malabar Grameen Bank and South Malabar Grameen Bank

Regional Rural Banks (RRBs)

• Banks established to provide regional banking services in various states of India.

• Formed on the recommendation of the Narasimha Committee.

• India's first Regional Rural Bank established- Moradabad (Uttar Pradesh)

• Year of establishment of India's first Regional Rural Bank- 1975

• Head Office of Kerala Grameen Bank- Malappuram

• Kerala Grameen bank was created in 2013 by merging North Malabar Grameen bank and South Malabar Grameen bank

• Kerala Grameen Bank is sponsored by Canara Bank