{"id":96896,"date":"2020-06-27T10:56:42","date_gmt":"2020-06-27T10:56:42","guid":{"rendered":"https:\/\/www.edristi.in\/?p=96896"},"modified":"2020-06-27T10:56:47","modified_gmt":"2020-06-27T10:56:47","slug":"supervision-issue-of-cooperative-banks","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/supervision-issue-of-cooperative-banks\/","title":{"rendered":"Supervision issue of cooperative banks"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><br><strong>Question : Under which authority cooperative banks to be brought?<\/strong><br>(a) RBI<br>(b) All India Banking Association<br>(c)Finance secretary<br>(d) None of the above<br><strong>Answer : (a)<br>Related facts<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Context<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Union Cabinet on 24rth June, 2020 approved a slew of proposals, including an ordinance bringing cooperative banks under supervisory powers of the RBI.<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Background<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In her February 1 Budget speech, Sitharaman had proposed amendments to the Banking Regulation Act with an aim to increasing professionalism and improving governance among the co-operative banks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Significance<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Coming under both RBI and State Registrars, these banks pose specific supervisory challenges.<\/li><li>Now all urban cooperative banks and multi-state cooperative banks will come under the supervision of the RBI, a development aimed at providing comfort to depositors and prevent repeat of Punjab and Maharashtra Co-operative (PMC) Bank-like scams.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Cooperative banks statistics<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>There are 1,482 urban cooperative banks and 58 multi-state cooperative banks having about 8.6 crore depositors with total savings deposit of about Rs 4.85 lakh crore.<\/p><\/blockquote>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>By &#8212; Pankaj Pandey<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Link:<\/strong><br><a href=\"https:\/\/m.timesofindia.com\/business\/india-business\/co-operative-banks-to-be-brought-under-rbi-supervision\/amp_articleshow\/76553770.cms\" target=\"_blank\" aria-label=\"undefined (opens in a new tab)\" rel=\"noreferrer noopener\">https:\/\/m.timesofindia.com\/business\/india-business\/co-operative-banks-to-be-brought-under-rbi-supervision\/amp_articleshow\/76553770.cms<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question : Under which authority cooperative banks to be brought?(a) RBI(b) All India Banking Association(c)Finance secretary(d) None of the aboveAnswer : (a)Related facts Context Union Cabinet on 24rth June, 2020 approved a slew of proposals, including an ordinance bringing cooperative banks under supervisory powers of the RBI. Background In her February 1 Budget speech, Sitharaman [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":96898,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[2338],"class_list":["post-96896","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enew","tag-economics"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/96896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=96896"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/96896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/96898"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=96896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=96896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=96896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}