Lok Sabha passes legislation to bring cooperative banks under RBI's supervision

Replying to the debate on the bill, Finance Minister Nirmala Sitharaman said this legislation is for depositors' safety and not for undermining powers of the Registrar of Cooperative Societies.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/lok-sabha-passes-legislation-to-bring-cooperative-banks-under-rbis-supervision/articleshow/78160739.cms