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Tags : "cooperative banks"

Cooperative banks to be brought under RBI supervision

NEW DELHI: The government on Wednesday said all cooperative banks and multi-state cooperative banks will come under the supervision of the Reserve Bank of India, a development aimed at providing comfort to depositors of these banks. Urban cooperative banks and multi-state cooperative banks will be brought under the RBI supervision process applicable to commercial banks, […]Read More

Does RBI wants co-operative banks to wither away?

By Uday Pendse After the fiasco at Punjab and Maharashtra Co-operative Bank, one is perplexed by some of RBI’s recent decisions which risked sparking a panic among depositors of these small banks. In an overwhelming situation like COVID-19, it is the primary responsibility of the regulator to provide a rock steady support to banks and […]Read More