RRBs were set up as government-sponsored, regional based rural lending institutions under Regional Rural Banks Act, 1976. They were set up on the basis of recommendations of Narasimhan Working Group. RRBs are jointly owned by Central Government, concerned State Government and Sponsor Banks with the issued capital shared in the proportion of 50%, 15% and 35% respectively. The RRBs are required to provide 75% of their total credit as priority sector lending(PSL).
Consider the following statement regarding the Reserve Bank of India's (RBI) actions and reports, on foreign currency liquidity management,
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The US Federal Reserve has announced an increase in interest rates to combat rising inflation. This has led to an appreciation of the US dollar against ...
What growth forecast for India did S&P Global Ratings retain for FY25?
Accounting Standards do not permit following method of inventory valuation:
Sharath wants to promote one of his employees to lead the new production team. He prefers to promote an employee with a low LPC score. Which attributes...
Which scheme provides collateral-free loans up to ₹5 crores for MSMEs?
The credit control committee should be headed by which of the following?
Which of the following can NOT be the Member Lending Institutions for the Pradhan Mantri Mudra Yojana (PMMY)?
In cost accounting, there are various methods used to assign costs to different segments of a business. The allotment of whole items of cost to cost cen...
What is the role of financial centers in the global economy?
