BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Syndicate bank
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Punjab National Bank
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State Bank of India
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Allahabad Bank
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Detailed explanation-1: -Notes: Syndicate Bank sponsored Prathama Bank, the first regional rural bank in India by name, in Moradabad district, Uttar Pradesh in 1975.
Detailed explanation-2: -The purpose was to include rural areas into the economic mainstream since around 70% of the Indian population was rural. Prathama Bank, with head office in Moradabad, Uttar Pradesh was the first RRB. It was sponsored by Syndicate Bank and had an authorised capital of Rs. 5 crore.
Detailed explanation-3: -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.
Detailed explanation-4: -PRATHAMA BANK-THE FIRST REGIONAL RURAL BANK OF THE COUNTRY established in 1975. Ownership of the Bank is vested with the Central Government 50 %, Syndicate Bank 35 % and State Government 15%.