The government, via a minister, clarified that the Reserve Bank of India regulates cooperative bank deposit rates.
1 report, 1 independent
Updated Aug 4
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
The government, via a minister, clarified that the Reserve Bank of India regulates cooperative bank deposit rates.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
-
Reserve Bank of India
central bank of India
-
Pankaj Chaudhary
researcher (ORCID 0000-0003-0518-4120)
Related events
- The Reserve Bank of India calls for stronger controls on Urban Cooperative Banks (UCBs) operating in India.
- The Reserve Bank of India permits bank expansion in India in line with government objectives.
- RBI provides regulatory supervision and undertakes security initiatives for UPI, while officials discuss usage numbers.
- The Union Ministry of Finance proposed amendments to the Indian payment system, which the RBI is now regulating under the Payment and Settlement Systems Act.
- The Reserve Bank of India is functioning as the central banking authority, requiring documents from the election commission and governing schemes involving state officials.