BANKING GENERAL KNOWLEDGE
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Question
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By virtue of the amendment carried out by the Regional Rural Bank (Amendment) Act, 1987, the Chairman of a Regional Rural Bank (RRB) is to be appointed by
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Central Government
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State Government
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Sponsor bank in consultation with NABARD
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Reserve of Bank of India
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Explanation:
Detailed explanation-1: -The RRBs were owned by the central government, state government, and the sponsoring bank with 50%, 15%, and 35% shareholding respectively.
Detailed explanation-2: -The Chairmen of the RRBs are appointed by the sponsor banks of the respective RRBs under the provision of Section 11 of RRB Act, 1976. 2. The sponsor banks appoint Chairmen in RRBs sponsored by them in consultation with NABARD.
There is 1 question to complete.