Which of the following supervisory bodies regulates and inspects the financial health of cooperative banks operating in Chhattisgarh alongside the Reserve Bank of India?

💡 Solution & Explanation

National Bank for Agriculture and Rural Development statutory powers include conducting statutory inspections and supervision of State Cooperative Banks and District Central Cooperative Banks to ensure compliance with banking regulations and financial soundness. Amendments to the Banking Regulation Act further reinforced supervisory oversight over cooperative lending institutions. This dual regulatory framework aims to protect depositor interests in rural cooperatives.