Under which act co-operative banks are regulated?

Q.  Co-operative banks are regulated by the Reserve Bank of India under which act?
- Published on 17 Feb 17

a. Banking Regulation Act, 1949
b. Banking Laws (Application to Co-operative Societies) Act, 1965
c. Negotiable Instrument Act–1881
d. Both (A) and (B)

ANSWER: Both (A) and (B)
 
Co-operative banks are regulated by the Reserve Bank of India under the Banking Regulation Act, 1949 and Banking Laws (Application to Co-operative Societies) Act, 1965

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