BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Public Sector Banks
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Small Banks
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Urban Cooperative Banks
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Private Banks
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Detailed explanation-1: -StCBs/DCCBs are registered under the provisions of State Cooperative Societies Act of the State concerned and are regulated by the Reserve Bank.
Detailed explanation-2: -Co-operative banks are financial entities which belong to its members, who are at the same time the owners and the customers of their bank. They are established by State laws. Co-operative banks in India are registered under the Cooperative Societies Act.
Detailed explanation-3: -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).
Detailed explanation-4: -Co-operative banks are regulated by the Reserve Bank of India under the Banking Regulation Act, 1949 and Banking Laws (Application to Cooperative Societies) Act, 1965.