Multiple choice

A Primary (Urban) Co-operative Bank can open its Extension Counter only if its NPA level is below………………….and it has earned Net Profit for last…………………years and more.

  1. 10%, 2 Years

  2. 9%, 2 Years

  3. 8%, 3 Years

  4. 7%, 3 Years

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

According to RBI norms for Urban Cooperative Banks, the criteria for opening an extension counter include an NPA level below 10% and a record of net profit for the last 2 years.