The government has amalgamated three Regional Rural Banks-Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank into a single RRB with effect on and from

BANKING GENERAL KNOWLEDGE

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

A	01st February 2019
B	01st January 2019
C	01st April 2019
D	01st March 2019

Explanation:

Detailed explanation-1: -Interest of the banks and the areas served by them, they should be amalgamated into a single RRB. New Delhi: The government has amalgamated three Regional Rural Banks–Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank–into a single RRB with effect from January 1.

Detailed explanation-2: -With a total of 56 RRBs in India, candidates across the country look forward to get recruited in one of these and join the banking sector.

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.

Detailed explanation-4: -The Narasimham Committee had recommended the creation of Regional Rural Banks.

Detailed explanation-5: -UPSC Mains Q. Which state has the highest number of RRBs in India? Notes: Uttar Pradesh has the highest number of 36 RRBs, followed by, Madhya Pradesh with 19 and Bihar with 16 RRBs. There are no RRBs in Goa and Sikkim.

There is 1 question to complete.