Which apex financial institution regulates commercial banks and cooperative banks operating within Arunachal Pradesh?

💡 Solution & Explanation

The Reserve Bank of India, established under the Reserve Bank of India Act, 1934, acts as the central banking institution regulating all commercial banks, regional rural banks, and state cooperative banks operating within Arunachal Pradesh. It formulates monetary policy, regulates currency, and ensures financial stability nationwide. Securities and Exchange Board of India regulates capital markets rather than commercial banking operations. Cooperative banks are dual-regulated by state governments and the Reserve Bank of India.