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Finance minister Nirmala Sitharaman assured the House that the legislation empowers the central bank to regulate only the banking activities of co-operatives and it is not applicable to a primary agricultural credit society.(PTI)

Lok Sabha passes bill to bring co-operative banks under RBI supervision

By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON SEP 16, 2020 09:34 PM IST
Moving the bill in the House, Sitharaman said that financial health of several cooperative banks was becoming “very delicate”.
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