The cooperative bank came into existence with the enactment of the Co-operative Credit Societies Act,…
India's co-operative credit structure comprises the three-tier short-term rural credit structure (State Co-operative Banks, Central Co-operative Banks, and Primary…
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The cooperative bank came into existence with the enactment of the Co-operative Credit Societies Act, 1912. Which among the following does not come under the structure of co- operative bank?
Answer and explanation
Correct answer C
India's co-operative credit structure comprises the three-tier short-term rural credit structure (State Co-operative Banks, Central Co-operative Banks, and Primary Agricultural Credit Societies) and the long-term structure (Land Development / SCARDB Banks). Regional Rural Banks (RRBs) are scheduled commercial banks established under the RRB Act, 1976 and do not fall under the co-operative bank structure.
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