Ep 17 Explained | Cooperative Banks अब RBI के अंडर, कितना सुरक्षित आपका पैसा?
After the Cabinet decision on 24th June, 2020, now the Cooperative Banks will also come under RBI (Reserve Bank of India) as Commercial banks. This has happened via amendment in the Banking Regulation Act 1949. Earlier there were many irregularities found with the working of Cooperative Banks as there was no direct regulation of RBI upon them.This edition of Aasan Bhasha Mein explains, how the things are going to change after the Amendment. We have also tried to explained what are Cooperative Banks, how they work, type of Cooperative Banks, structure of Cooperative Banks in Indian and difference between Cooperative Banks and Commercial banks.