Question

The RBI revised its instructions on Bulk Deposits for Urban Co-operative Banks (UCBs) in January 2024. Under this revision, what is the minimum amount considered a "Bulk Deposit" for Tier 3 and 4 Scheduled UCBs?

A ₹10 lakh
B ₹15 lakh
C ₹1 crore
D ₹50 lakh
E ₹5 crore
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