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RBI can frame revival plan for all banks without imposing moratorium

The RBI has to impose restrictions on lending and withdrawal activities before it can frame a revival scheme for commercial and co-operative banks, according to the previous law

Topics
Reserve Bank of India | Banks | Co-operative Bank

Somesh Jha  |  New Delhi 



Reserve Bank of India, RBI
The Ordinance also empowers the RBI to frame an enforceable reconstruction scheme for co-operative banks, just like it does in the case of commercial banks (like YES Bank)

on Friday promulgated an Ordinance to give the (RBI) more supervisory powers over urban and multi-state co-operative .

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First Published: Sat, June 27 2020. 14:23 IST

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