• 

  Bill to bring cooperative banks under RBI regulation to get Parliament nod during Budget session

  Business | March 01, 2020 17:56 IST

  In a bid to address weaknesses in cooperative banking sector, the Parliament is likely to clear a Bill to amend Banking Regulation Act to bring multi-state cooperative banks under effective regulation of RBI during the Budget session.

• 

  RBI cracks whip on PMC Bank, sets ₹1,000 withdrawal limit

  Business | September 24, 2019 16:22 IST

  The Reserve Bank of India on Tuesday barred Mumbai-based Punjab and Maharashtra Cooperative Bank (PMC Bank) from carrying out any kind of business transactions and has put limits on the amount that can be withdrawn by depositors from the urban co-operative bank.

• 

  Regulators need to be more vigilant against ponzi schemes: RBI

  December 12, 2013 22:31 IST

  Kolkata: RBI Governor Raghuram Rajan today asked all regulators to be more vigilant in the wake of fraudulent money-pooling schemes and said there was a need to expand the reach of country's banking system. “Chit