Statement-II (Reason R) says Majority of the business of the Bank comes from cities in and around NH4, which connects 10 popular cities. This statement is also true. Due to its historical focus and network concentration in areas along NH4, a significant portion of Ratnakar Bank's early business indeed originated from these regions. This strong regional presence along the highway was the basis for the nickname "NH4 Bank".
Consider the Statement and Reason, choose the correct answer from the codes given below. Statement-I (Assertion A): The Ratnakar Bank is referred to as NH4 Bank in the banking circles. Statement-II (Reason R): Majority of the business of the Bank comes from cities in and around NH4, which connects 10 popular cities.
Asked in TNPSC CS Prelims 2014 · Topic: Money & Banking (Commercial Banking: Structure, Functions, and Recent Reforms in India)
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Answer: A. Both (A) and (R) are correct. (R) is the correct explanation of (A)
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