BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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At present, the formula for subscription to RRBs capital has been fixed at
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Central Government 50%, State Government 35% and Sponsor Bank 15%
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Central Government 60%, State Government 20% and Sponsor Bank 20%
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Central Government 30%, State Government 30% and Sponsor Bank 40%
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Central Government 35%, State Government 35% and Sponsor Bank 30%
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Explanation:
Detailed explanation-1: -Authorised capital: The Act provides for the authorised capital of each RRB to be Rs five crore.
Detailed explanation-2: -The RRBs were owned by the central government, state government, and the sponsoring bank with 50%, 15%, and 35% shareholding respectively.
Detailed explanation-3: -Regional rural banks (RRBs), which play a crucial role in credit disbursement in remote areas, will be eligible to list on stock exchanges and raise funds if they have net worth of at least Rs 300 crore over the previous three years and if they fulfil certain other criteria.
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