..........Addressing the Conference of Urban Co-operative Banks (UCBs) in Ahmedabad, R Gandhi, Deputy Governor, RBI, said “…once cooperative banks reach a certain threshold level, they are also expected to follow a regimen like large banks and standardised global practices, which may not be possible within the existing legal structure of cooperative banks. “Thus, before we move forward, the existing legal and regulatory framework needs to be revisited to enable smooth transition..........
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