Current Affairs · Banking Regulations
Cooperative Banks in India have a unique structure. Following the Banking Regulation (Amendment) Act 2020, which of the following statements accurately describes the regulatory authority over Urban Cooperative Banks?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1NABARD is the sole regulator and supervisor for all Urban Cooperative Banks.
- 2The RBI has been given full powers regarding their management, audit, and liquidation, overriding the powers of the Registrar of Cooperative Societies in these banking matters.✓
- 3They are regulated by the RBI for banking functions and by the Registrar of Cooperative Societies for management and administrative functions.
- 4They are exclusively regulated by the Registrar of Cooperative Societies of the respective State.
Correct answer
The RBI has been given full powers regarding their management, audit, and liquidation, overriding the powers of the Registrar of Cooperative Societies in these banking matters.
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