Reserve Bank of India to Supervise All Urban Cooperative Banks and Multi-State Cooperative Banks

Posted on 06/27/2020


Central bank President Ram Nath Kovind of the Reserve Bank of India (RBI) has promulgated the Banking Regulation (Amendment) Ordinance, 2020. This ordinance amends the Banking Regulation Act, 1949 as applicable to cooperative banks, according to an official statement. The ordinance brings all urban cooperative banks and multi-state cooperative banks under the supervision of the […]