The cooperative banks in India are registered under which of the following acts?

The cooperative banks in India are registered under which of the following acts?
[A]Cooperative Societies Act
[B]Banking Companies Act,1949
[C]Cooperative Companies Act
[D]Reserve Bank of India Act,1934

Cooperative Societies Act
The cooperative banks are registered under the Cooperative Societies Act and are regulated by Reserve Bank of India (RBI).These banks have a three tier structure viz. primary (agriculture or urban) credit societies, district central co-operative banks and at the apex level, state co-operative banks.


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