Contribution of Central Government, State Government and Sponsored Bank in paid up capital of a Regional Rural Banks is in the ratio of.....

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Contribution of Central Government, State Government and Sponsored Bank in paid up capital of a Regional Rural Banks is in the ratio of____

A	50: 15: 35
B	60: 25: 15
C	60: 20: 20
D	50: 25: 25

Explanation:

Detailed explanation-1: -The paid-up capital of each rural bank is Rs. 25 lakh, 50 percent of which has been contributed by the Central Government, 15 percent by State Government and 35 percent by sponsoring public sector commercial banks which are also responsible for actual setting up of the RRBs.

Detailed explanation-2: -Shareholding: The Act mandates that of the capital issued by a RRB, 50% shall be held by the central government, 15% by the concerned state government and 35% by the sponsor bank.

Detailed explanation-3: -Regional Rural Banks (RRB) sponsor bank contribution is 35%.

Detailed explanation-4: -Shareholding pattern: The Act specifies that of the capital issued by an RRB, 50 percent shall be subscribed to by the central government, 15 percent by the concerned state government and 35 percent by the Sponsor Bank.

Detailed explanation-5: -The RRBs were owned by the central government, state government, and the sponsoring bank with 50%, 15%, and 35% shareholding respectively.

There is 1 question to complete.