RRBs are owned by

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Question

RRBs are owned by

Options:

A . State Government

B . Central Government

C . Sponsor Bank

D . Jointly by all of the above

Answer: Option D
Answer: (d)
RRBs are jointly owned by the Centre, the State Government concerned and sponsor banks, with the issued capital shared in the ratio 50:15:35, respectively.
According to the RRB Act, 1976 the authorised capital of each such bank is Rs 5 crore and the issued capital, a maximum of Rs 1 crore.

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