co-op credit society

Adinath@Avinash Patil (Querist) 05 August 2009 This query is : Resolved
Is co-op credit societies is controld By Beserve Bank of India.

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Advocate SK Rohilla New Delhi (Expert) 06 August 2009
YES,
Under the various provisions of Banking Regulation Act, 1949 and RBI Act, URBAN CO-OP BANKING AND CREDIT COCIETIES are controlled by RBI.

I hope this clear your doubt.

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Y V Vishweshwar Rao (Expert) 10 August 2009
I agree with Mr Rohilla !

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