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Which Organisation has the maximum stake in NABARD?
19. Which Organisation has the maximum stake in NABARD?
- State Bank Of India
- Commercial Bank
- Banker's Association
- The Reserve Bank Of India
Answer: D) The Reserve Bank Of India
Explanation:
The Reserve Bank Of India stripped its whole stake in NABARD and NHB adding up to ₹ 20 crores (Rupee twenty crore) and ₹ 1450 crore (Rupees 1,000 400 and fifty crores) on February 26, 2019, and March 19, 2019, individually. With this, the Government of India currently holds a 100 per cent stake in both monetary organizations.