Which among the following sponsors Regional Rural Banks (RRB'S)?
National Commercial Banks
Regional Rural Banks (RRBs) were set up under the RRB Act, 1976 on the recommendations of the Narasimham Working Group, and each RRB is sponsored by a Scheduled Commercial Bank (commonly called a National Commercial Bank).
The capital is shared in the ratio Central Government 50%, Sponsor Bank 35%, State Government 15%. The sponsor bank provides managerial, financial, and training support. The RBI only regulates RRBs and NABARD supervises them, so neither the RBI, foreign banks, nor co-operative banks sponsor them. Hence the correct answer is National Commercial Banks.
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The securities and Exchange Board of India (SEBI) was established in _______.
Important Questions from Banking History or Facts
The securities and Exchange Board of India (SEBI) was established in _______.
The name of the first bank established in India was
A. Bank of Hindustan
B. Reserve Bank of India
C. Imperial Bank
D. State Bank of India
Rupee sign '₹' is a
A. Devanagari letter
B. Roman letter
C. Sanskrit Script
D. A combination of Roman & Devanagari letters
In which year was the Reserve Bank of India (RBI) established?
Which bank was NOT nationalized during the bank nationalization process of 1969?
