A) Nodal Branches
B) Mini Branches
C) Micro Branches
D) Ultra Small Branches
E) Satellite Branches
Correct Answer: D
Solution :
The Reserve Bank of India has advised banks to have an intermediate brick and mortar structure (Ultra Small Branch) between the present base branch and Business Correspondents (BC) locations so as to provide support to a cluster of BC units at a reasonable distance. These Ultra Small Branches may be set up between the base branch and BC / locations so as to provide support to about 8-10 BC Units at a reasonable distance of 3-4 kilometres.You need to login to perform this action.
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