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What issue arises due to the duality in control of Cooperative Banks in India?
  • a)
    Lack of customer support services.
  • b)
    Excessive profits generated by cooperative banks.
  • c)
    Ambiguity in power structure and decision-making.
  • d)
    Inability to offer digital banking services.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What issue arises due to the duality in control of Cooperative Banks i...
The duality in control, where Cooperative Banks are overseen by both the Registrar of Cooperative Societies (RCS) and the Reserve Bank of India (RBI), leads to ambiguity in power structure and decision-making. This can create conflicts and challenges in governance, impacting the smooth functioning of these banks.
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What issue arises due to the duality in control of Cooperative Banks in India?a)Lack of customer support services.b)Excessive profits generated by cooperative banks.c)Ambiguity in power structure and decision-making.d)Inability to offer digital banking services.Correct answer is option 'C'. Can you explain this answer?
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