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Why is the RBI going after Cooperative Banks?
A lot is happening in the cooperative banking space. Last week, the Reserve Bank of India took over the board of Abhyudaya Co-op Bank because it suspected corporate governance issues. And over the weekend, Karnataka announced that the CBI would conduct an inquiry into a multi-crore scam run by the Directors at 3 cooperative banks in the state.
So in today’s episode for 6th December 2023, we decided to look at a major problem plaguing cooperative banks.
Talk to Ditto - https://bit.ly/45uvyDL
Published on 2 years ago