Question : Which of the following sponsors Regional Rural Banks (RRBs)?
Option 1: RBI
Option 2: Foreign banks
Option 3: National commercial banks
Option 4: Co-operative banks
Correct Answer: National commercial banks
Solution : The correct option is National commercial banks .
Regional Rural Banks (RRBs) are collectively owned by the Government of India, the respective state government, and a sponsor bank, which is a nationalised commercial bank. The sponsor bank extends financial aid, technological assistance and expertise to the RRB. The distribution of ownership shares among these entities may differ based on the specific RRB and the terms agreed upon during its establishment.
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