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Insured co operative banks
#1
registration with DICGC: the deposit insurance and credit guarantee corporation act 1961. which provide for insuring deposit of banks , is applicable to co operative banks also.

section 130 of the DICGC act mentions the circumstances in which reserve bank may require winding up of a co operative bank.

co operative banks have to prepare their balance sheet and profit and loss account in the forms set out in the third schedule to Banking Regulation Act.
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