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Question
Which of the following acts as a regulator for Co-operative banks?
Which of the following acts as a regulator for Co-operative banks?
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Solution
The correct option is D NABARD
- NABARD was setup in 1982 to
promote integrated rural development.
- Under the Banking Regulation Act 1949, NABARD is empowered to undertake inspection of Cooperative Banks and Regional Rural Banks.
- NABARD supervises State Cooperative Banks (StCBs), District Central Cooperative Banks (DCCBs), and Regional Rural Banks (RRBs) and conducts statutory inspections of these banks.
- NABARD was setup in 1982 to
promote integrated rural development.
- Under the Banking Regulation Act 1949, NABARD is empowered to undertake inspection of Cooperative Banks and Regional Rural Banks.
- NABARD supervises State Cooperative Banks (StCBs), District Central Cooperative Banks (DCCBs), and Regional Rural Banks (RRBs) and conducts statutory inspections of these banks.
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