Finance Minister Nirmala Sitharaman rejected the charge, asserting that state cooperative laws are not being touched and that the proposed law seeks to bring these banks with same regulations that are applicable on other banks. It is applicable to those cooperative banks which deal with "bank, banker and banking," she said.source https://economictimes.indiatimes.com/industry/banking/finance/banking/banking-regulation-amendment-bill-introduced-in-lok-sabha/articleshow/78105779.cms
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