Friday, July 20, 2012

PIL asks if Parliament can enact co-op bank norms

AHMEDABAD: Can the Reserve Bank of India (RBI) regulate banking businesses of co-operative banks? A PIL filed in the Gujarat high court raised this question and claimed that Parliament could not legally enact such laws, which interfere with a state subject. This PIL has been filed in the aftermath of RBI's decision to close down the Madhavpura Mercantile Co-operative Bank Ltd. ............



 

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