The Act governing Regional Rural Banks has been amended Which of the following is correct in context...........

Economic Affairs Types of Banks and Banking

The Act governing Regional Rural Banks has been amended. Which of the following is correct in context of amendments which have been carried out?

Sponsor Banks of RRBs can provide managerial and financial assistance for the first five years

Authorised capital of each RRB is Rs five crore

The minimum capital issued by a RRB is Rs 25 lakh

Shareholding of the central government and the sponsor bank cannot be less than 51%.

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Explanation:

4th option is correct i.e. Shareholding of the central government and the sponsor bank cannot be less than 51%.
2nd option is incorrect. The development process of RRBs started on 2 October 1975 with the forming of the first RRB, the Prathama Bank with authorised capital of Rs. 5 crore at its starting. Also on 2 October 1976 five regional rural banks were set up with a total authorised capital Rs. 100 crore ($10 Million) which later augmented to 500 crore ($50 Million).