Multiple choice

Non-scheduled Urban Co-operative Banks can have deposits in those non-scheduled Urban Co-operative Banks

  1. That have earned Net Profit in last three Financial Years.

  2. That have NPA level of below 7%.

  3. That have Capital Adequacy Ratio of 9% or more.

  4. All the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

To ensure the safety of funds, non-scheduled UCBs are permitted to deposit funds in other non-scheduled UCBs only if those banks meet strict financial health criteria, including profitability, low NPA levels, and sufficient capital adequacy.

Keep practicing — related questions