The responsibility of regulating and supervising primary urban cooperative banks which are popularly...........

General Studies (CHSL) Indian Economy

The responsibility of regulating and supervising primary (urban) cooperative banks, which are popularly known as Urban Cooperative Banks (UCBs) is vested with which one of the following?

State Co-operative Banks

The Urban Banks Department of the Reserve Bank of India

The Department of Non-Banking Supervision of the Reserve Bank of India

The Department of Corporate Services of the Reserve Bank of India

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Explanation:

The Urban Banks Department of the Reserve Bank of India is vested with the responsibility of regulating and supervising primary (urban) cooperative banks, which are popularly known as Urban Cooperative Banks (UCBs).