BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Finance Ministry
|
|
|
Government of India
|
|
|
Reserve Bank of India
|
|
|
Securities and Exchange Board of India
|
Detailed explanation-1: -Detailed Solution. The National Bank for Agriculture and Rural Development (NABARD) was established in 1982. RBI had sold its stake and now the Government of India has 99% share in it.
Detailed explanation-2: -Divestment of RBI’s shareholding in NABARD was done in two phases. The Bank held 72.5 per cent of equity in NABARD amounting to ₹ 1450 crore out of which 71.5 per cent amounting to ₹ 1430 crore was divested in October 2010 based on the Government of India notification on September 16, 2010.
Detailed explanation-3: -Indira Gandhi on 05 November 1982. Set up with an initial capital of Rs.100 crore, its’ paid up capital stood at Rs.17, 080 crore as on 31 March 2022. Consequent to the revision in the composition of share capital between Government of India and RBI, NABARD today is fully owned by Government of India.
Detailed explanation-4: -NHB is wholly owned by Govt. of India as after 24 April 2019 notification of RBI, which contributed the entire paid-up capital …