Co-operative Banks Engaged in Banking Activity are subject to Overall Control of Reserve Bank of India: Kerala HC [Read Order]

Co-operative Banks - Banking Activity - Reserve Bank of India - Kerala HC - taxscan

In a recent case, the Kerala High Court held that the cooperative banks engaged in banking activity are subject to the overall control of the Reserve Bank of India.  The writ petition was filed by M. Saidalavi Master and other 93 individuals stated to be Presidents of Primary Agricultural Credit Societies and Urban Co-operative Banks…

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