Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / deepak
Regional Rural Banks were established under the provisions of an Ordinance promulgated on the 26th September 1975 and the RRB Act, 1976 with an objective to ensure sufficient institutional credit for agriculture and other rural sectors. The area of operation of RRBs is limited to the area as notified by GoI covering one or more districts in the State.
RRBs are jointly owned by GoI, the concerned State Government and Sponsor Banks (27 scheduled commercial banks and one State Cooperative Bank); the issued capital of a RRB is shared by the owners in the proportion of 50%, 15% and 35% respectively.
Prathama bank is the first Regional Rural Bank in India located in the city Moradabad in Uttar Pradesh.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Define CAPM.
What is a lease agreement?
Define Memorandum of Association?
What is Digital India?
what is cbt in bank explain it???
What is 'tier 1 capital'?
What is Balance on capital account?
Tell me the two types of orders issuers may issues in equity trading?
What Are The Different Types Of Banking Software Applications Are Available In The Industry?
What is the debt recovery procedure?
How many types of subsidiaries does rbi have?
What is pgdb program?
Why trading?
Name the deputy governor of india?
Tell the name of the rbi governor of india?
