Question

Which regulatory authority is primarily responsible for overseeing and regulating cooperative banks in India?

A Reserve Bank of India (RBI) Correct Answer Incorrect Answer
B Securities and Exchange Board of India (SEBI) Correct Answer Incorrect Answer
C National Bank for Agriculture and Rural Development (NABARD) Correct Answer Incorrect Answer
D Ministry of Finance Correct Answer Incorrect Answer
E Small Industries Development Bank of India (SIDBI) Correct Answer Incorrect Answer

Solution

Cooperative banks in India are primarily regulated and supervised by the Reserve Bank of India (RBI), which ensures their compliance with banking regulations and guidelines.

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