BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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50%
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15%
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35%
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25%
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Detailed explanation-1: -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-2: -Regional Rural Banks (RRB) sponsor bank contribution is 35%.
Detailed explanation-3: -RRBs are jointly owned by Government of India(GOI), Sponsor Bank and the concerned State Government and with share proportion 50%, 35% & 15% respectively. Govt.
Detailed explanation-4: -In RRBs, 15% share be held by the State Government, 50% by the Central Government, and 35% by the Sponsor Bank. The RRB amendment act 2014, has allowed RRBs to raise their capital from sources other than Central and State Government, and Sponsor banks.
Detailed explanation-5: -The Regional Rural Bank Amendment Act, 2015 enabled these banks to access the capital market outside their current shareholders-the central government, sponsor banks and the respective state governments-which hold shares in each RRB in the ratio of 50:35:15.