New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Under which section of the Banking Regulation Act,

    1949, did RBI approve the amalgamation of The Rajapur Sahakari Bank Ltd. with The Malad Sahakari Bank Ltd.?
    A Section 35A Correct Answer Incorrect Answer
    B Section 44A Correct Answer Incorrect Answer
    C Section 56A Correct Answer Incorrect Answer
    D Section 45B Correct Answer Incorrect Answer
    E Section 58 Correct Answer Incorrect Answer

    Solution

    The amalgamation of cooperative banks is regulated under Section 44A of the Banking Regulation Act, 1949, which deals with the voluntary amalgamation of banking institutions.

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