The answer to the above question is (d) None of the above. Ex | ECONOMY by VIVEK SINGH

The answer to the above question is (d) None of the above.

Explanation:
RBI regulates commercial banks and cooperative banks but in case of Cooperative Banks, there is dual regulation where (Centra/State) Govt. regulates Management/Administration and RBI regulates banking and amalgamation/liquidation related matters. So, RBI approval is not required for appointment of Chairman/Directors in case of Urban Cooperative Banks but in case of commercial banks RBI approval is required. But in case of Public Sector banks again RBI approval not required.

In pubic interest, if required, RBI can supersede the Board of Urban Cooperative Banks as per Banking Regulation Act 1949.