RBI updates Master Direction on RBI (Co-operative Banks - Interest Rate on Deposits) Directions, 2016

Sep 16, 2022 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Reserve Bank of India (RBI) on September 16, 2022, updated the Master Direction on RBI (Co-operative Banks - Interest Rate on Deposits) Directions, 2016 in the exercise of the powers conferred by Sections 21 and 35 A read with section 56 of the Banking Regulation Act, 1949. The provisions of these directions will apply to every co-operative bank licensed or permitted to carry on banking business in India by the Reserve Bank of India.

Disclaimer – Please refer to the master direction to view the modifications provided in the Link/Document.


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