RRBs are jointly owned by GoI, the concerned State Government and Sponsor Banks, the issued capital of a RRB is shared by the owners in the proportion of 50 percent, 15 percent and 35 percent respectively. In practice they borrowed the politicization in lending, rampant in cooperative Banks, with the worst form of unionism replicated from the commercial banks.
2 In most cases, the mandate for pursuing price stability has been operationalised by defining a numerical value for inflation that the central bank should aim to deliver. In advanced economies this value is low, typically within a narrow range around 2%.