Cooperative banks come under supervision of RBI; President Ram Nath Kovind promulgates new ordinance

The new rules will be applicable to both 1,482 urban cooperative banks and 58 multi-state cooperative banks, assuring 8.6 crore depositors that their money - amounting to Rs 4.84 lakh crore - will stay safe.

from Banking & Finance – The Financial Express https://ift.tt/3g0SrVd