Discussion
What is the full form of "UBD"?
Answer: C
Correct answer: Urban Banks Department
The Urban Banks Department was the Reserve Bank department responsible for the regulation and supervision of urban co-operative banks.
It set their licensing, capital, exposure and inspection requirements, and issued the master circulars they worked to. The functions have since been reorganised within the RBI's supervisory structure, but the abbreviation persists in older circulars and in question banks. Note that it is a regulator's department, not a bank - the distractors all read as products or institutions instead.
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