BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Where is the registered office of National Federation of Urban Cooperative Banks and Credit Societies Limited (NAFCUB)?
A
Mumbai
B
Shimla
C
Kolkata
D
New Delhi
Explanation: 

Detailed explanation-1: -Address : B-14, 3rd Floor A-Block Shopping Complex, Naraina Vihar Ring Road New Delhi-110028(India).

Detailed explanation-2: -The first urban cooperative credit society was registered in Canjeevaram (Kanjivaram) in the erstwhile Madras province in October, 1904.

Detailed explanation-3: -The Registered Office of NAFCUB is at Delhi and the area of operation is whole of the country. We represent around 1600 Urban Cooperative Banks and more than 50, 000 Cooperative Credit Societies functioning all over India. Some of the personalities to mention are Former President of India Her Excellency Smt.

Detailed explanation-4: -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-5: -On this occasion Minister of State for Cooperation Shri B.L. Verma, senior officers of the Ministry of Cooperation, Chairman, National Federation of Urban Cooperative Banks and Credit Societies Limited (NAFCUB), Shri Jyotindra Mehta and many other dignitaries were present.

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