Exams › IBPS PO › General Awareness

The Regional Rural Banks Act, 1976 mainly provides for the incorporation, regulation, and winding up of Regional Rural Banks (RRBs). The Act mandates that of the capital issued by an RRB, ___% shall be held by the Central Government, ___% by the concerned State Government, and ___% by the sponsor bank.

1. 35:50:15
2. 35:15:50
3. 50:35:15
4. 50:15:35

Correct answer: 50:15:35

Solution

Under the Regional Rural Banks Act, the shareholding pattern of an RRB is fixed by law. The Central Government holds 50%, the State Government 15%, and the sponsor bank 35%.

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