📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

       What criteria must urban co-operative banks meet to be

      considered for inclusion in the second schedule of the RBI Act, 1934?
      A Minimum Customer Base Correct Answer Incorrect Answer
      B Presence in Rural Areas Correct Answer Incorrect Answer
      C Capital to Risk Weighted Asset Ratio of at least 3%, No Major Regulatory Concerns Correct Answer Incorrect Answer
      D High Profit Margins Correct Answer Incorrect Answer
      E Exclusive Focus on Digital Banking Correct Answer Incorrect Answer

      Solution

      Explanation:

      Urban co-operative banks must maintain a Capital to Risk Weighted Asset Ratio of at least 3% and should be devoid of major regulatory and supervisory concerns to be considered for inclusion.

      Practice Next
      More Beepedia Questions

      Relevant for Exams:

      ask-question