IBPS PO Mains 12 Oct 2025 Shift 1 Paper

Concept:The Lead Bank Scheme ($1969$) is based on the "Area Approach" recommended by the Gadgil Study Group, with its operational framework designed by the Nariman Committee.Explanation:The Reserve Bank of India launched the Lead Bank Scheme in December $1969$.It was introduced to promote integrated banking development in rural and semi-urban areas.The Gadgil Study Group, constituted under the National Credit Council, recommended the "Area Approach" in October $1969$.This approach advised banks to focus on specific areas to bridge regional credit gaps.The Nariman Committee, headed by F. K. F. Nariman, studied these recommendations and designed the operational framework of the scheme.Under this scheme, one bank is designated as the Lead Bank for each district.The Lead Bank coordinates with other financial institutions and government bodies to ensure smooth credit deployment.It also prepares the District Credit Plan (DCP) to boost financial inclusion and local economic growth.The other committees in the options are not related to the Lead Bank Scheme.The Narasimham Committee dealt with banking reforms and the establishment of RRBs, while the Rangarajan Committee focused on financial inclusion and poverty estimation.The Verma Committee addressed the restructuring of weak public sector banks, and the Hilton Young Commission ($1926$) led to the formation of the RBI in $1935$.Answer:Option B: The Gadgil Study Group (Area Approach) and the Nariman Committee.