Which of the following statements are true about Co-operative Banks in India?

A. It has a three-tier set-up

B. State Co-operative Banks does not have access to RBI

C. It is an urban oriented Bank

D. It functions on sound business principles

Answer: Option A

Solution(By Examveda Team)

Co-operative Banks in India has a three-tier set-up. State coop bank is apex coop institution in state. Central or districtcoop. Bank work at district level. At lowest level coop setup is primary credit agency which works at village level.