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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


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 11th Jan, 2024

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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