Repayment of dues to bank

Dear Friends,

I have a query regarding Point No 9 of CARO, 2015.

If Repayment of dues to Banks, Financial Institutions is in default we have to report.

My question is, does the term "BANK" include Co-operative banks?

 

Thanks in anticipation.

Replies (1)

Banks include cooperative banks, there is no separate exemption

 

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