BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

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

Karnataka Vikas Grameena Bank and Andhra Pragathi Grameena Bank has recorded net profit of more than Rs 150 crore during 2016-17. How many Regional Rural Banks (RRBs) are currently working in India?

A	52
B	27
C	45
D	56

Explanation:

Detailed explanation-1: -The Dharwad-headquartered regional rural bank Karnataka Vikas Grameena Bank (KVGB) recorded a net profit of ₹31.90 crore during 2021-22 against ₹6.5 crore in 2020-21, registering a growth of 391 per cent.

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: -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-4: -RRBs are jointly owned by Government of India, State Governments and Sponsoring commercial banks with equity contribution in the ratio 50:15:35 respectively.

There is 1 question to complete.