BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Scheduled commercial banks
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Co-operative banks
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Private sector banks
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Development banks
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Detailed explanation-1: -Regional Rural Banks (RRBs) are government owned scheduled commercial banks of India that operate at regional level in different states of India. These banks are under the ownership of Ministry of Finance, Government of India.
Detailed explanation-2: -Scheduled Commercial Banks are grouped under the categories of State Bank of India and its Associatees, Nationalised Banks, Foreign Banks, Regional Rural Banks, and Other Scheduled Commercial Banks.
Detailed explanation-3: -Regional Rural Banks (RRB) are Indian Scheduled Commercial Banks ( Government Banks) operating at regional level in different states of India. They have been created with a view of serving primarily the rural areas of India with basic banking and financial services.
Detailed explanation-4: -Like other public sector Banks RRBs are established by Govt. of. India and are scheduled & notified by Reserve Bank of India. RRBs are jointly owned by Government of India(GOI), Sponsor Bank and the concerned State Government and with share proportion 50%, 35% & 15% respectively.