The Government of India, the concerned State Government and the bank, which had sponsored the RRB contributed to the share capital of RRBs in the proportion of.....respectively.

BANKING GENERAL KNOWLEDGE

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

The Government of India, the concerned State Government and the bank, which had sponsored the RRB contributed to the share capital of RRBs in the proportion of____respectively.

A	50%, 15% and 35%
B	50%, 35% and 15%
C	35%, 50% and 35%
D	15%, 50% and 35%

Explanation:

Detailed explanation-1: -The share capital of the RRBs are jointly held by the Got, the sponsoring Scheduled Commercial Ranks (SCBs) and the concerned State Governments in the ratio of 5050 per cent, 3535 per cent and 15 per cent.

Detailed explanation-2: -The RRBs were owned by the central government, state government, and the sponsoring bank with 50%, 15%, and 35% shareholding respectively.

Detailed explanation-3: -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-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 first Regional Rural Bank was set up in 1975 by the name Prathama Grameen Bank. Central Government-50% share. State Government-15% share. The Sponsor Bank-35% share.

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