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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Bank of India
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Union Bank of India
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Central Bank of India
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Detailed explanation-1: -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-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.
Detailed explanation-3: -It was founded by Upendra Ananth Pai, T. M. A. Pai and Vaman Srinivas Kudva. At the time of its establishment, the bank was known as Canara Industrial and Banking Syndicate Limited. The bank, along with 13 major commercial banks of India, was nationalised on 19 July 1969, by the government of India.
Detailed explanation-4: -Detailed Solution Regional Rural Banks are sponsored by any Commercial Bank, PSU, or private banks.
Detailed explanation-5: -First Regional Rural Bank was established on 2 October 1975. The Prathama Bank of Moradabad, Uttar Pradesh was the first RRB. Currently, there are 43 RRBs in India.