The responsibility of regulating and supervising primary (urban) cooperative banks, which are popularly known as Urban Cooperative Banks (UCBs) is vested with which one of the following?

• A. The Department of Non-Banking Supervision of the Reserve Bank of India
• B. The Urban Banks Department of the Reserve Bank of India
• C. State Co-operative Banks
• D. The Department of Corporate Services of the Reserve Bank of India
• E. None of the above