Historically, why were district central co‑operative banks important before consolidation into KSCB?
AThey solely focused on agricultural lending and ignored other financial services.
BThey were responsible for direct customer deposits and did not interact with PACS.
CThey acted as the primary regulator for all cooperative institutions within the district, leading to bureaucratic hurdles.
DThey intermediated between PACS and the apex bank, providing liquidity, supervision, and local specialization