Cooperative Banks - In the light of The Banking Regulation (Amendment) Act, 2020

Manish Mehra | Last updated: 31 October 2020

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Cooperative banks play a vital role in India's rural economy, providing essential banking services to farmers and local communities. However, issues like mounting Non-Performing Assets (NPAs) and political interference led to the Banking Regulation (Amendment) Act of 2020. This amendment brings cooperative banks under the direct supervision of the RBI, ensuring better governance, stronger depositor protection, and enabling quicker resolution of stressed banks.

From ancient times to this modern era Agriculture has paved a major contribution to building our nation. The lead role in the journey is played by our beloved farmers. This section of our population got its interaction with the banking system through cooperative banks only. Cooperative banks area

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