Question
Regional Rural Banks are sponsored by
Answer: Option B
Answer: (b)
Regional Rural Banks (RRBs) were set up as government-sponsored, regional based rural lending institutions under the Regional Rural Banks Act, 1976.
Every RRB is owned by three entities with their respective shares as follows:
Central Government (50%);
State government (15%);
.Sponsor bank (35%).
Each Regional Rural Bank is sponsored by a Public-Sector Bank.
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Answer: (b)
Regional Rural Banks (RRBs) were set up as government-sponsored, regional based rural lending institutions under the Regional Rural Banks Act, 1976.
Every RRB is owned by three entities with their respective shares as follows:
Central Government (50%);
State government (15%);
.Sponsor bank (35%).
Each Regional Rural Bank is sponsored by a Public-Sector Bank.
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