What does RBI's 'Rural Branching Mandate' mean to us?

All scheduled commercial banks have to open at least 25% of their branches in tier-1 and tier-2 areas

All scheduled commercial banks need RBI's permission before opening 25% of their branches in tier-1 areas

All scheduled commercial banks to open at least 25% of their branches in tier 3 to 6 areas

None of above

Answer

Answer: Option D

Answer: Option D

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