Which among the following sponsors Regional Rural Banks (RRB'S)?

Options

A. Reserve Bank of India
B. Foreign Banks
C. National Commercial Banks
D. Co-Operative Banks

Answer

C

Explanation

Regional Rural banks (RRBs) are sponsored by five commercial banks, Punjab National Bank, State Bank of India, Syndicate Bank, United Bank of India and UCO Bank. They are owned by the Central Government, the State Government and the Sponsor Bank who hold shares in the ratios of 50%, 15% and 35% respectively.