Question

Among the following which one comes under the class of indigenous banker?

• A. Co-operative Bank
• B. Mahajan Bank
• C. Land Development Bank
• D. Regional Rural Bank

Hint:

Indigenous bankers rely on traditional methods, unlike regulated banks.

Answer 1

The Correct Option is B

Step 1:
Indigenous bankers are traditional moneylenders or financial entities operating locally, such as Mahajans, who provide credit based on personal relationships.
Step 2:
Co
-operative Banks, Land Development Banks, and Regional Rural Banks are modern, regulated financial institutions, not indigenous bankers.
Step 3:
Therefore, the correct option is (B) Mahajan Bank.