GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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October, 2001
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September, 2005
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March, 2009
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June, 2010
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Detailed explanation-1: -The first set of amalgamations took place on September 12, 2005 when 28 RRBs were amalgamated to form 9 new RRBs.
Detailed explanation-2: -State Bank of Saurashtra (SBS) a wholly owned subsidiary of the Bank amalgamated with the Bank with effect from August 13 2008.
Detailed explanation-3: -Q. Which among the following committees recommended the merger of Regional Rural Banks with their respective Sponsor Banks? Notes: The Agricultural Credit Review Committee (Khusro Committee), 1989 recommended the merger of Regional Rural Banks with their respective Sponsor Banks.
Detailed explanation-4: -Regional Rural Banks were established under the provisions of an ordinance passed on 26 September 1975 and the RRB Act 1976 to provide sufficient banking and credit facility for agriculture and other rural sectors.