Q. Which institution regulates the Co-operative banks in India?
Answer:
RBI
Notes: The Reserve Bank of India (RBI) has announced that District Central Co-operative Banks now have the authority to close their unremunerative branches without the necessity for prior permission from the central bank.
However, approval from the Registrar of Cooperative Societies in the respective state will still be required. The cooperative banks were brought under the regulatory framework of the Reserve Bank of India (RBI) in 2020.