BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gaur Gramin Bank
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Prathama Bank
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Arunachal Pradesh Rural Bank
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Himachal Gramin Bank
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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: -Regional Rural banks (RRBs) in India were established by Government of India, under provisions of RRBs Act 1976, enacted by the Indian Parliament.
Detailed explanation-3: -Notes: Gour Gramin Bank, set up in Malda(West Bengal) was the first RRB in the Eastern Region of India.
Detailed explanation-4: -Regional Rural Banks were establishedunder the provisions of an Ordinance passed on September 1975 and the RRB Act.
Detailed explanation-5: -From a modest beginning of 6 RRBs with 17 branches covering 12 districts in December, 1975 the number of RRBs increased to 196 RRBs with 14, 446 branches in 1991 operating in 518 districts across the country.