For the regional rural banks, which among the following is the correct share of Central, State and Sponsor Bank?

For the regional rural banks, which among the following is the correct share of Central, State and Sponsor Bank?
[A]50%, 40%, 10%
[B]50%, 35%, 15%
[C]50%, 15%, 35%
[D]40%, 50%, 10%

50%, 15%, 35%
In RRBs, 50% share shall be held by the central government, 15% by the concerned state government and 35% by the sponsor bank. The RRB amendment act 2014 has allowed the RRBs to raise their capital from sources other than the central and state governments, and sponsor banks. In such a case, the combined shareholding of the central government and the sponsor bank cannot be less than 51%. Further, if the shareholding of the state government in the RRB is reduced below 15%, the central government would need to consult the concerned state government.

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This question "For the regional rural banks, which among the following is the correct share of Central, State and Sponsor Bank?" was published on GKToday on June 2, 2015 at 12:18 pm. For Current Affairs Questions Archive Click Here. For General Knowledge Questions Archive Click Here.

Comments

  • Rahul
    Reply

    After the ammendment, it’s changed now.