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Answer : 1. "Reserve Bank of India"
Which organisation regulates co-operative banks in India?
5Q:
Which organisation regulates co-operative banks in India?
- 1Reserve Bank of Indiatrue
- 2Bank of Barodafalse
- 3State Bank of Indiafalse
- 4Punjab National Bankfalse
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Answer : 1. "Reserve Bank of India"
Explanation :
Co-operative banks in India are regulated by both the Reserve Bank of India (RBI) and the respective state governments. RBI is responsible for licensing, supervision and regulation of co-operative banks in India. Co-operative banks are owned and controlled by the members, who democratically elect a board of directors. Co-operative banks were brought under the regulatory framework of the Reserve Bank of India (RBI) in 2020.