Q. How many Local Area banks exist in India at present (January, 2022)?
Answer: 2
Notes: There are only two active Local Area Banks (LAB) in India, which exist at present. They are: Coastal Local Area Bank Ltd and Krishna Bhima Samruddhi Local Area Bank Ltd. Previously, the Capital Local Area Bank Ltd was converted to a small finance bank while license of Subhadra Local Area Bank Ltd., Kolhapur was cancelled by RBI.