bring cooperative banks Under RBI supervision

Members and non-members of such entities are advised by the RBI to be cautious of cooperative entities using the term 'Bank' in their names. After reports of certain cooperative societies extending the word ‘Bank’ in their names, while…

All Co-Operative Banks In India Will Come Under RBI 'Supervision'; Is This Regulation? The Lok Sabha passed an amendment to the Banking Regulation Act to bring cooperative banks under the supervision of the RBI on Wednesday, in a bid to…