GOVT: ALL URBAN CO-OPERATIVE BANKS, MULTI-STATE CO-OP BANKS TO COME UNDER RBI

Highlights

• Union Minister Prakash Javdekar stated that all the 1,540 cooperative banks have brought under the supervision of the RBI in order to give an assurance to all the depositors

• Previously, Union Finance Minister Nirmala Sitharaman had announced the government's intention to bring cooperative banks under the RBI's supervision

• Total 8.6 crore depositors have deposited total 4.84 ....