GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The ownership structure of Regional Rural Banks (RRBs) comprises of:
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Central Govt., State Govt. and Sponsor Bank
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Sponsor Bank, Reserve Bank of India and NABARD
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Central Govt., State Govt., Reserve Bank of India (RBI)
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Sponsor Bank, Reserve Bank of India (RBI) and State Govt.
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Explanation:
Detailed explanation-1: -The RRBs were owned by the central government, state government, and the sponsoring bank with 50%, 15%, and 35% shareholding respectively.
Detailed explanation-2: -Shareholding: The Act mandates that of the capital issued by a RRB, 50% shall be held by the central government, 15% by the concerned state government and 35% by the sponsor bank.
Detailed explanation-3: -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.
There is 1 question to complete.