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The regulatory authority for Regional Rural Banks is _____________
Data Analysis and Interpretation
State government,Central government and Sponsoring bank in the ratio of 15 : 50 : 35
All of the above
None of the above
Correct Option is NABARD
The regulatory authority for Regional Rural Bank in India is NABARD. On the recommendations of the Narsimha Committee on Rural Credit, the Regional Rural Banks were created. In consultation with NABARD and the sponsor banks, the central government decides on the functioning of the RRBs. A Public Sector Bank sponsors each Regional Rural Bank.
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