47.With whom is the responsibility of regulating and supervising primary (urban) co-operative banks, known as Urban Co-operative Banks (UCBs) vested? [A] The Department of Non-Banking Supervision of the Reserve Bank of India [B] The Urban Banks Department of the Reserve Bank of India [C] State Co-operative Banks [D] The Department of Corporate Services of the Reserve Bank of India Show Answer
The Urban Banks Department of the Reserve Bank of India is vested with the responsibility of regulating and supervising primary (urban) cooperative banks, which are popularly known as Urban Cooperative Banks (UCBs).
