Multiple choice

Which of the following statements is correct regarding Urban Co-operative Banks?

  1. There are more than 2000 Urban Co-operative Banks in India at present.
  2. Urban Co-operative Banks are regulated by Reserve Bank of India and Registrar of Co-operative Societies both.
  3. 90-days NP A norms are applicable in Urban Co-operative Banks since March 2004.

  1. 1

  2. 1 and 2

  3. 2 and 3

  4. 1, 2 and 3
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

There are over 2000 UCBs, they are dual-regulated by the RBI and the Registrar of Co-operative Societies, and the 90-day NPA norm was indeed implemented for UCBs in March 2004.

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