BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Central Government
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State Government
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Sponsor Banks
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All of the Above
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Detailed explanation-1: -The RRBs were owned by the central government, state government, and the sponsoring bank with 50%, 15%, and 35% shareholding respectively.
Detailed explanation-2: -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. of. India with a view to improve the operational viability and efficiency of RRBs, initiated the process of Structural Consolidation by amalgamating RRBS.
Detailed explanation-3: -Regional Rural Banks were establishedunder the provisions of an Ordinance passed on September 1975 and the RRB Act. 1976 to provide sufficient banking and credit facility for agriculture and other ruralsectors.
Detailed explanation-4: -Detailed Solution Regional Rural Banks are sponsored by any Commercial Bank, PSU, or private banks.