About 35 multistate Co-operative Banks are likely to come
under the Banking Regulation Act as the Government is going
to issue an ordinance to that effect in days to come. It was
required to be done asA) Co-operative Banks are in bad shape
and their restructuring is very much needed.B) RBI
recommended that Government should issue an ordinance to
this effect.C) The Supreme Court of India has issued an
order which says that RBI does not have authority to issue
licences to multistate Co-operative Banks. Which of these
statements is/are true?
(1) Only A
(2) Only B
(3) Only C
(4) Only A & C
(5) None of these
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Answer Posted / mahesh jani
(2) only B
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