Banking · Banking Regulation Legislation
Which specific section of the Banking Regulation Act, 1949 (as applicable to Cooperative Societies) grants the Reserve Bank of India (RBI) the power to supersede the Board of Directors of a Cooperative Bank?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Section 11
- 2Section 22
- 3Section 36AAA✓
- 4Section 56
Correct answer
Section 36AAA
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