Co-operative banks are regulated by the Reserve Bank of India under which act?

a. Banking Regulation Act, 1949

b. Banking Laws (Application to Co-operative Societies) Act, 1965

c. Negotiable Instrument Act–1881

d. Both (A) and (B)

ANSWER: Both (A) and (B)

Explanation:

Co-operative banks are regulated by the Reserve Bank of India under the Banking Regulation Act, 1949 and Banking Laws (Application to Co-operative Societies) Act, 1965