With reference to urban cooperative banks in India consider the following statements:1. They are supervised and regulated by local boards set up by the state governments2. They can issue equity shares and preference shares.3. They were brought under the purview of the Banking Regulation Act, 1949 through an Amendment in 1966.Which of the statements given above is/are correct? - Study24x7
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Dev kumar
04 Dec 2023 12:20 PM study24x7 study24x7

With reference to urban cooperative banks in India consider the following statements:
1. They are supervised and regulated by local boards set up by the state governments
2. They can issue equity shares and preference shares.
3. They were brought under the purview of the...

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A

1 only

B

2 and 3 only

C

1 and 3 only

D

1, 2 and 3

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