Question

State two features of Rajasthan’s Apex banks.

Answer 1

The Bank of Rajasthan Ltd (Hindi: बैन्क ओफ राजस्थान) (BSE: / (500019 ) was a private ... office is in Udaipur. Presently the bank has 463 branches, in 24 states, with 294 of the branches being in Rajasthan

Answer 2

The primary features of Rajasthan’s Apex Bank are:

• To maintain the accounts and other principal cash reserves

• To lend funds to other organizations as per the approval from the management

Other functions of Apex Bank are:

• Supervise, monitor, and inspect in order to ensure fulfill compliance

• It is responsible to supply required and sanctioned cash and receive back the excess cash

• To give sanction and guarantee to the various payment instruments and manage other major cheque clearing functions