who is the sponsoring bank for the pandian gramin bank
Pandyan Grama Bank Pandyan Grama Bank (Tamil: பாண்டியன் கிராம வங்கி) is a Scheduled public sector bank in Tamil Nadu established under Regional Rural Bank Act 1976. It was founded on 9 March 1977 at Sattur, then later shifted to Virudhunagar on 16 July 1993. It had been issued and paid up a share capital of one crore of rupees by Government of Tamil Nadu (15%), Government of India (50%) & Indian Overseas Bank(35%).[1] Primary objective of the bank is to finance for agricultural and non-agricultural sectors in rural area. National Bank for Agriculture and Rural Development (NABARD) had awarded an A rating to Pandyan Grama Bank in recognition of its performance.
Central Bank of Nigeria The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country, promote monetary stability and a sound financial environment, and to act as a banker of last resort and financial adviser to the federal government. The central bank's role as lender of last resort and adviser to the federal government has sometimes pushed it into murky regulatory waters. After the end of imperial rule the desire of the government to become pro-active in the development of the economy became visible especially after the end of the Nigerian civil war, the bank followed the government's desire and took a determined effort to supplement any short falls in credit allocations to the real sector. The bank soon became involved in lending directly to consumers, contravening its original intention to work through commercial banks in activities involving consumer lending. However, the policy was an offspring of the indigenisation policy at the time. Nevertheless, the government through the central bank has been actively involved in building the nation's money and equity centers, forming securities regulatory board and introducing treasury instruments into the capital market.[1]