Economics · Economy
With reference to Regional Rural Banks (RRBs) in India, consider the following statements: I. The combined equity holding of the Central Government in an RRB is greater than that of the concerned State Government. II. The supervisory oversight of RRBs is assisted by the National Bank for Agriculture and Rural Development (NABARD), while primary regulation is by RBI. III. RRBs are mandated to lend a fixed proportion of their adjusted net bank credit to priority sectors. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2I and III only✓
- 3II and III only
- 4I and II only
Correct answer
I and III only
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