The sponsor bank helps and aids the RRB sponsored by it, bybegin{enumerate}item subscribing to its share capital.item training its personnel.item providing managerial and financial assistance during the first 5 years or extended period.end{enumerate}Select the correct answer using the codes given below

BANKING GENERAL KNOWLEDGE

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

The sponsor bank helps and aids the RRB sponsored by it, by

A	1 and 2
B	2 and 3
C	1 and 3
D	All of these

Explanation:

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: -These banks were established to provide sufficient banking and credit facility for agriculture and other rural sectors. Regional Rural Banks are sponsored by any commercial bank, PSU or private bank. The central government, sponsor bank, and state government have share capital in the ration of 50:35:15.

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.

There is 1 question to complete.