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
Incorrect AnswerThe Urban Banks Department of the Reserve Bank of India
Correct AnswerThe Department of Non-Banking Supervision of the Reserve Bank of India
Incorrect AnswerThe Department of Corporate Services of the Reserve Bank of India
Incorrect AnswerExplanation:
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).
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By: Himani Bihagra