BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI
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Central Government
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SBI
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Ministry of Finance
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Detailed explanation-1: -The National Bank for Agriculture and Rural Development (NABARD) was established in 1982. RBI had sold its stake and now the Government of India (GOI) has 99 percent in it.
Detailed explanation-2: -Reserve Bank of India divests its share in NABARD and NHB With this, the Government of India now holds 100% stake in both the financial institutions.
Detailed explanation-3: -NHB is wholly owned by Govt. of India as after 24 April 2019 notification of RBI, which contributed the entire paid-up capital …
Detailed explanation-4: -The regulatory powers continue to be vested with the Reserve Bank of India. The Department of Supervision functions under the overall supervision and guidance of Chairman and CGM (Shri K S Raghupathi, CGM).
Detailed explanation-5: -To support Indian Rural economy with credit facility, RBI was apex body before formation of NABARD. It resulted in making NABARD as an apex development financial institution in India. The NABARD’s role is basically a continuation of the RBI role in the sphere of Agriculture and Rural Development.