Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Banking and Financial Institutions Types of banks
Consider the following statements with respect to recent changes in the regulatory regime of Urban Cooperative Banks (UCBs):
1. The overall priority sector lending target for UCBs has been increased to 75 % of Adjusted Net Bank Credit (ANBC) by 2024.
2. The Reserve Bank of India has been given powers for approval for the appointment and removal of Chairman of UCBs.
3. UCBs can raise capital by issue of equity in the stock market.
Which of the statements given above are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3