Banking Regulation Act: GK, Current Affairs, Questions, Trivia and News

Cabinet clears amendments to bring cooperative banks under RBI regulation

The Union Cabinet of India recently approved amendments to the Banking Regulation Act, which will bring multi-state cooperative banks under the regulation of the Reserve Bank of India. This amendment in regulation is expected to prevent malpractices in the co-operative banks and ensure better regulation. The administrative role of the banks will be managed by ..