Which among the following banks sponsored the first Regional Rural Bank in India, Prathama Bank?

Correct option is B

The correct answer is B
Explaination:
· Prathama Bank was the first Regional Rural Bank (RRB) to be established in India.
· It was set up on October 2, 1975, in Moradabad, Uttar Pradesh, under the provisions of the Regional Rural Banks Act of 1976.
· Prathama Bank was sponsored by Syndicate Bank (B).
· RRBs were established to provide credit and other banking facilities to small and marginal farmers, agricultural laborers, artisans, and small entrepreneurs in rural areas.
Information Booster:
· Five RRBs were set up simultaneously on October 2, 1975, including Prathama Bank.
· RRBs are jointly owned by the Government of India (50%), the respective State Government (15%), and the Sponsor Bank (35%).
· The recommendation for establishing RRBs came from the Narasimham Working Group in 1975.