Question

    What is one of the criteria for Urban Co-operative Banks

    (UCBs) to be considered for inclusion in the Second Schedule to the Reserve Bank of India Act, 1934?
    A CRAR of at least 3 per cent less than the minimum CRAR requirement applicable to the UCB Correct Answer Incorrect Answer
    B CRAR of at least 3 per cent more than the minimum CRAR requirement applicable to the UCB Correct Answer Incorrect Answer
    C CRAR equal to the minimum CRAR requirement applicable to the UCB Correct Answer Incorrect Answer
    D CRAR at least 5 per cent more than the minimum CRAR requirement applicable to the UCB Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    One of the criteria for UCBs to be considered for inclusion in the Second Schedule to the Reserve Bank of India Act, 1934, is to have a CRAR of at least 3 per cent more than the minimum CRAR requirement applicable to the UCB, as per the Circular on Second Schedule to the Reserve Bank of India Act, 1934 – Norms for inclusion.

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