The REGIONAL RURAL BANKS ACT, 1976

INCORPORATION AND CAPITAL OF REGIONAL RURAL BANKS

Section 5: Authorised capital.

The authorised capital of each Regional Rural Bank shall be two thousand crore of rupees, divided into two hundred crore of fully paid-up shares of ten rupees each:

Provided that the Central Government may, after consultation with the National Bank and the Sponsor Bank, increase or reduce such authorised capital; so, however, that the authorised capital shall not be reduced below one crore of rupees, and the shares shall be, in all cases, fully paid-up shares of ten rupees each.