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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.

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