App Logo

No.1 PSC Learning App

1M+ Downloads
Urban Bank in India is indebted to --- committee.

ANABARD

BMac lagan

CRaghuram Rajan

DKhan

Answer:

B. Mac lagan

Read Explanation:

URBAN COOPERATIVE BANKS:

  • These societies are established to provide cheaper credit to small traders, employees, artisans and middle class people living in urban area

  • First Urban cooperative Bank started in Germany 

  • Schulze Delitzch are the Father and Founder of urban cooperative Movement 

  • Luigi Luzzatti is the profounder of UCB – Italy (Pattern of Schultz)

  • Working among middle class people

  • Banaca Popularie (People Bank) - Italy - By LUIGY LUSSATI -CUSSATTA Banks – Urban area - Limited Liability

  • Schulze started first Cooperative Bank in 1852

  • Urban Bank in India indebted to Mac lagan committee - In India -19th century origin

  • Urban bank maintain SLR and CRR as per the rate fixed by RBI 

  • In India, urban cooperative Bank was started in Baroda State as Mutual Aid Society on 5th Feb 1889 by Vithal Laxman Kavithkar.


Related Questions:

'Cess Fund' is constituted for the development of
Headquarters of SERIFED
Which society under the production of coir fibre out of unretted husk?
DCB issues --- to Farmers.
In Kerala Urban Cooperative Banks comes under the control of ---.