Question

When must RBI approval be sought under Rule 13(1) of KCS Rule?

• A. Only for Co‑operative Banks or entities under RBI purview when the proposal affects regulated aspects (e.g., merger, capital, licensing conditions)
• B. Always required for any transaction involving cooperative banks, regardless of its nature.
• C. Required only when cooperative banks are involved in international trade transactions.
• D. Required for all cooperative societies, not just banks, for any new venture or expansion.

Answer 1

Answer:

A. Only for Co‑operative Banks or entities under RBI purview when the proposal affects regulated aspects (e.g., merger, capital, licensing conditions)

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