cooperatives

RBI Notifies Updated Guidelines for Cooperative Banks by Barring MPs & MLAs to Become MDs or WTDs

These directions are applicable to all Primary (Urban) Co-operative Banks (UCBs). The RBI had exempted UCBs with a deposit size of less than Rs 100 crore from the requirement of seeking prior approval of the Reserve Bank for appointment / re-appointment / termination of appointment of MDs or WTDs.