Multi-State Cooperative Banks Current Affairs, GK & News

Cabinet Approves Ordinance to bring UCBs and MSCBs under RBI supervision

The decision to bring Urban Cooperative Banks (UCBs) and Multi-State Cooperative Banks (MSCBs) under the supervision of India’s Central Bank- the Reserve Bank of India (RBI) was taken on 24th June 2020 during a meeting of the Union Cabinet. The ordinance will immediately come into effect from the date of signature of the President of ..