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Who established Local Area Banks?


lekhraj.kushwaha 27th Feb, 2023
Answer (1)
lekhraj.kushwaha 27th Feb, 2023

Local area banks are written under the companies act 1956 and they are termed as the public limited entity.Local area banks have been licensed by banking regulation act 1949 so they have to work according to this act only. These banks have been established for the well being of local people.

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