Question

Which part of the BR Act is applicable to Co-operative Banks?

• A. Part III
• B. Part IV
• C. Part V
• D. Part VI

Answer 1

Answer:

C. Part V

Under the Banking Regulation Act, 1949, the provisions that are applicable to co‑operative banks (State Co‑operative Banks, District Central Co‑operative Banks, and Urban Co‑operative Banks) are specially laid out in Part V of the Act. These provisions govern how the Act applies to cooperative societies carrying on banking business, with modifications specific to cooperative bank