Cooperative banks falling under the Banking Regulation Act, 1949 are controlled by

NABARD

No worries! We‘ve got your back. Try BYJU‘S free classes today!

National Cooperative Union of India

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Reserve Bank of India

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Reserve Bank of India
In 1966 those banks with a paid-up share capital and reserves of over ₹ 1 lakh were brought under the purview of Banking Regulation Act 1949. They are controlled and its functions are regulated by RBI.

Suggest Corrections

Similar questions

Q.  Cooperative banks falling under the Banking Regulation Act, 1949 are controlled by:

Which of the following securities comes under the provisions of the Banking Regulation Act, 1949?

Q. Which of the following Acts are administered by Reserve Bank of India?Payment and Settlement Systems Act, 2007

All of the above
Only 1 and 3
Only 2 and 4
Only 1, 2 and 3

Q. The Aditya Birla Idea Payments Bank has started operations. As per which section of the Banking Regulation Act

1949

, the RBI issued licence to the bank?

Q. Q. Consider the following statements regarding Cooperative Banks

1. Cooperative Banks are registered under the Cooperative Societies Act.
2. The banking related functions are regulated by the RBI and management related functions are regulated by respective State Governments/Central Government.
3. Primary Agricultural Credit Societies also fall within the purview of the Banking Regulation Act, 1949 and hence are regulated by the RBI.

Which of the statements given above is/are correct ?

Q. सहकारी बैंकों के संबंध में निम्नलिखित कथनों पर विचार करें:

1. सहकारी बैंक सहकारी समितियों अधिनियम के तहत पंजीकृत हैं।
2. बैंकिंग संबंधी कार्यों को RBI द्वारा नियंत्रित किया जाता है और प्रबंधन संबंधी कार्यों को संबंधित राज्य सरकारों / केंद्र सरकार द्वारा विनियमित किया जाता है।
3. प्राथमिक कृषि साख समितियां भी बैंकिंग विनियमन अधिनियम, 1949 के दायरे में आती हैं और इसलिए RBI द्वारा इसे विनियमित किया जाता है।

ऊपर दिए गए कथनों में से कौन-सा सही है / हैं?

Join BYJU'S Learning Program

Cooperative banks falling under the Banking Regulation Act, 1949 are controlled by

The correct option is C Reserve Bank of IndiaIn 1966 those banks with a paid-up share capital and reserves of over ​ ₹ 1 lakh were brought under the purview of Banking Regulation Act 1949. ​They are controlled and its functions are regulated by RBI.

The correct option is C Reserve Bank of India
In 1966 those banks with a paid-up share capital and reserves of over ₹ 1 lakh were brought under the purview of Banking Regulation Act 1949. They are controlled and its functions are regulated by RBI.