The correct answer is (c) 1645.
As on March 2012, there were 1645 Urban Co-operative Banks in India. These banks are regulated by the Reserve Bank of India (RBI). They are governed by a board of directors, which is elected by the members of the bank. The board of directors appoints a managing director to run the day-to-day operations of the bank.
Urban co-operative banks provide a range of financial services to their members, including savings accounts, loans, and investments. They also provide a number of other services, such as bill payments and remittances.
Urban co-operative banks play an important role in the Indian economy. They provide financial services to a large number of people who would not otherwise have access to these services. They also help to promote economic development in the areas where they operate.
The following are the reasons why the other options are incorrect:
- Option (a) is incorrect because there were 1645 Urban Co-operative Banks in India as on March 2012, not 65.
- Option (b) is incorrect because there were 1645 Urban Co-operative Banks in India as on March 2012, not 164.
- Option (d) is incorrect because there were 1645 Urban Co-operative Banks in India as on March 2012, not 6540.