BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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35%
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49%
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51%
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71%
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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: -Regional Rural Banks (RRB) sponsor bank contribution is 35%.
Detailed explanation-3: -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.
Detailed explanation-4: -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.
Detailed explanation-5: -RRBs are jointly owned by Government of India(GOI), Sponsor Bank and the concerned State Government and with share proportion 50%, 35% & 15% respectively.