What is the ownership structure of Regional Rural Banks?
1.50%: central government, 15%: state government and 35%: sponsor bank.
2.15%: central government, 50%: state government and 35%: sponsor bank.
3.35%: central government, 15%: state government and 50%: sponsor bank.
4.50%: central government, 35%: state government and 15%: sponsor bank.
5.15% central government, 65%: state government and 50%: sponsor bank.
Correct Answer : 1
Solution :
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. The Bill allows 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%. Additionally, if the shareholding of the state government in the RRB is reduced below 15%, the central government would have to consult the concerned state government.
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