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.
In which year did the Securities and Exchange Board of India (SEBI) acquire statutory status under the SEBI Act?
Which of the following is the apex banking institution of India that regulates the monetary policy?
Which among the following is the first life insurance company on the Indian soil?
In which year State Bank of India was nationalized?
What type of a bank is NABARD?