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  • Regional Rural Banks are wholly owned by the sponsor bank.
Multiple choice

Regional Rural Banks are wholly owned by the sponsor bank.

  1. True

  2. False

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Regional Rural Banks (RRBs) in India are jointly owned by the Central Government (50%), the concerned State Government (15%), and the Sponsor Bank (35%). They are not wholly owned by the sponsor bank.

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