Which of the following bodies regulates the Cooperative Banks in India?
Which of the following bodies regulates the Cooperative Banks in India?
[A]Government of India
[B]Reserve Bank of India
[C]Small Industries Development Bank of India
[D]National Bank for Agriculture and Rural Development
Reserve Bank of India As per the Cooperative Societies Act, Reserve Bank of India (RBI) regulates the cooperative banks and these are governed by the Banking Regulations Act, 1949 and the Banking Laws (Cooperative Societies) Act, 1965.