top of page
< Back


With reference to Urban Cooperative Banks’ in India, consider the following statements:
1. They are supervised and regulated by local boards set up by the State Governments.
2. They can issue equity shares and preference shares.
3. They were brought under the purview of the Banking Regulation Act, 1949 through an Amendment in 1966.

Which of the statements given above is/are correct?
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3



To suggest corrections, send feedback using feedback button in top menu.

To suggest corrections, use feedback icon on top menu.


Urban Co-operative Banks (UCBs) in India are regulated and supervised by the Reserve Bank of India (RBI) under the provisions of the Banking Regulation Act, 1949, after an amendment in 1966. They are not supervised by local boards set up by State Governments. UCBs have the authority to issue equity shares and raise share capital from individuals within their area of operation.


How was this explanation?

bottom of page