https://www.taxtmi.com/news?id=39416 Amendments to the Banking Regulation Act extend RBI's supervisory and regulatory powers to Urban Co-operative Banks, making management, governance, audit, capital and reconstruction/amalgamation provisions applicable. Complementary measures include an RBI Master Direction on Fraud Management, the Prompt Corrective Action framework, deposit insurance protections, and MSCS Act reforms introducing a Cooperative Ombudsman and Cooperative Election Authority to strengthen governance and accountability. en-us Wed, 02 Apr 2025 09:59:34 +0530 Wed, 02 Apr 2025 09:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39416 Amendments to the Banking Regulation Act extend RBI's supervisory and regulatory powers to Urban Co-operative Banks, making management, governance, audit, capital and reconstruction/amalgamation provisions applicable. Complementary measures include an RBI Master Direction on Fraud Management, the Prompt Corrective Action framework, deposit insurance protections, and MSCS Act reforms introducing a Cooperative Ombudsman and Cooperative Election Authority to strengthen governance and accountability. News - Wed, 02 Apr 2025 09:59:34 +0530 https://www.taxtmi.com/news?id=39416