After the amendment in the Banking Regulation Act, 1949, effective September 29, 2020, co-operative societies cannot use the words "bank", "banker" or "banking" as part of their names, except as permitted under the provisions or by the Reserve Bank of India (RBI).source https://economictimes.indiatimes.com/industry/banking/finance/banking/co-operative-societies-cant-use-bank-in-their-names-rbi/articleshow/87849227.cms
No comments:
Post a Comment