BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of these RRB is not sponsored by State bank of India?
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Saurashtra Grameen Bank
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Utkal Grameen Bank
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Uttarakhand Grameen Bank
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Punjab Grameen Bank
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Explanation:
Detailed explanation-1: -Punjab Gramin Bank is one of the leading Regional Rural Bank in India having Punjab National Bank, one of the premier banks in India as its Sponsor bank.
Detailed explanation-2: -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 operate majorly towards agriculture finance, small sector loans, handicrafts and other small sector loans, whereas commercial banks or PSBs provide many other facilities like car loans, housing loans, credit to large companies along with agriculture finance etc.
There is 1 question to complete.