alleryStart learning →The 1965 amendment extended the Banking Regulation Act to which banks?
AForeign banks
BPayment banks
CSmall finance banks
DCooperative banks
Answer & Solution
Correct answer: D. Cooperative banks
In 1965 the Act was amended to make it applicable to cooperative banks.
Keep practising Audit of Banks
Browse all Audit of Banks questions for CA Inter, or explore more Auditing topics.
Related questions
The RBI's main supervisory aim covers which institutions?What was the Sovereign Gold Bond meant to reduce?How do non-performing loans mainly hurt a bank?What does securitization of NPLs involve?What is another name for a bad bank in NPL management?A loan is generally non-performing when interest and principal are overdue by how long?From which date did NEFT become available 24x7?Which 2007 Act gives the RBI oversight of payment systems?