The lead bank scheme was introduced in which year?
1969
The Lead Bank Scheme was introduced by the Reserve Bank of India in 1969, the same year as the nationalisation of 14 major commercial banks. It was based on the recommendations of the Gadgil Study Group and the Nariman Committee.
Under the scheme, a particular bank is assigned 'lead' responsibility for each district, where it acts as the coordinating agency (the 'consortium leader') for branch expansion, credit deployment and overall banking development in that district. This was a key step in spreading banking to rural and unbanked areas.
The other years are wrong: 1975 is associated with the establishment of Regional Rural Banks, 1980 with the second round of bank nationalisation, and 1990 with the founding of NABARD-era reforms / pre-liberalisation period — none of these mark the launch of the Lead Bank Scheme.
Hence, the correct answer is 1969.
Similar Questions
Which of the following statements about factors affecting the Money Multiplier (MM) is/are correct?
1. Cash held by individuals acts as a leakage and reduces the money multiplier.
2. Higher reserves held by banks with the RBI increase the money multiplier.
3. A higher Cash Reserve Ratio (CRR) reduces the banking system's capacity to create money.
Important Questions from Money and Banking
Dr. Urjit Patel, who has been appointed recently as Governor of Reserve Bank of India, was holding which position immediately prior to this appointment?
As per the RBI guidelines, which one of the following is the minimum tenure of Masala Bonds that an Indian company can issue offshore?
______ is a tax system that collects a greater share of income from those with high incomes than from those with lower incomes.
In which year had India's ratio of public debt to GDP gone up to a record 84.2%?
______ is an economic scenario where a peculiar combination of low growth and rising inflation leads to high unemployment.
