Multiple choice

A scheduled Urban Co-operative Bank can mobilize deposits from a non-scheduled Urban Cooperative Banks to the extent of……………………..of its total demand and time liabilities in preceding year—

  1. 10%

  2. 15%

  3. 20%

  4. 25%

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

RBI regulations limit the amount of deposits a scheduled UCB can mobilize from non-scheduled UCBs to 10% of their total demand and time liabilities from the preceding year to ensure liquidity and stability.