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The rural banking system does NOT include which of the following banks?

The rural banking system does NOT include which of the following banks? Correct Answer <span style="">World Bank</span>

The correct answer is World Bank.

  • Rural banking refers to providing banking services to individuals living in rural areas.
  • Rural banking has become integral to the Indian financial markets with a majority of the Indian population still living in rural or semi-urban areas.

Important Points

  1. Today, rural banking includes a set of various financial institutions, particularly regional rural banks (RRBs), cooperatives, commercial banks, self-help groups, and land development banks. 
  2. Rural economy growth generally depends on the funds from one interval to another to understand the high-rise productivity in non-agriculture and agriculture areas. 
  3. Farmers lend money from different fronts to match the primary investment on fertilizers, seeds, tools, and other personal expenses.

Additional Information

  1. The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries to pursue capital projects.

Hence, The Rural banking system includes commercial banks, Regional rural banks and Land Development banks. World Bank does not include it.

 

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