Economics · Economy
Which of the following statements is factually correct regarding Regional Rural Banks (RRBs) in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The Priority Sector Lending (PSL) target for RRBs is 40 percent of ANBC.
- 2RRBs are permitted to open branches anywhere in India without prior permission of the RBI.
- 3The equity share capital of an RRB is held by the Central Government, State Government, and Sponsor Bank in the ratio of 50:15:35.✓
- 4RRBs are regulated solely by NABARD and do not fall under the Banking Regulation Act.
Correct answer
The equity share capital of an RRB is held by the Central Government, State Government, and Sponsor Bank in the ratio of 50:15:35.
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