India Approves Ordinance To Bring Cooperative Banks Under RBI’s Supervision
A depositor of Punjab and Maharashtra Cooperative (PMC) bank displays a placard during a protest over the banks crisis, outside the Reserve Bank of India building, in Mumbai. Image used for representation. (Source: PTI)

India Approves Ordinance To Bring Cooperative Banks Under RBI’s Supervision

The cabinet approved an ordinance to bring urban and multi-state cooperative banks under the supervision of the Reserve Bank of India, in a move aimed at giving the regulator greater control over s...
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