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Current Affairs · 2026-09-09

हिन्दी

Which bank was formally included in the Second Schedule under the RBI Act, 1934, making it the only scheduled bank headquartered in Andhra Pradesh?

  1. Coastal Local Area Bank Limited
  2. Andhra Pragathi Grameena Bank
  3. Saptagiri Grameena Bank
  4. Chaitanya Godavari Grameena Bank

Correct answer · Option 1

Coastal Local Area Bank Limited

Explanation

The Reserve Bank of India included Vijayawada-based Coastal Local Area Bank Limited, India's first Local Area Bank, in the Second Schedule.
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