The Banking Regulation Act,1949 defines a Primary Cooperative Bank as a __:
The Banking Regulation Act,1949 defines a Primary Cooperative Bank as a __:
[A]Cooperative Society
[B]Non-scheduled Bank
[C]Primary Agricultural Cooperative Society
[D]Urban Cooperative Society
Cooperative Society As per Section 5 (ccv) of Banking Regulation Act,1949, a Primary Cooperative Bank is a Cooperative Society (other than a Primary Agricultural Cooperative Society), primarily in banking business with capital and reserves of not less than Rs.1 lakh and whose byelaws do not permit admission of any other society as a member.
gagan
April 21, 2018 at 11:07 amWhat is CCV?