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RBI asks banks to refund interest on interest collected during Covid moratorium on loans
In a crackdown on political interference, the Reserve Bank of India has barred MPs, MLAs and members of municipal corporations or other local bodies from holding the office of managing director (MD) or whole-time director (WTD) in urban cooperative banks.
These directions are applicable to all Primary (Urban) Co-operative Banks (UCBs). The RBI had exempted UCBs with a deposit size of less than Rs 100 crore from the requirement of seeking prior approval of the Reserve Bank for appointment / re-appointment / termination of appointment of MDs or WTDs. ....

Member Of Parliament , Central Office , Department Of Supervision , Reserve Bank , Co Operative Banks , Companies Act , Banking Regulations Act , Rbi Bars Mp , Rbi Bars Mla , Rbi Cooperation Bank , Scoop Bank , Political Interference , உறுப்பினர் ஆஃப் பாராளுமன்றம் , மைய அலுவலகம் , துறை ஆஃப் மேற்பார்வை , இருப்பு வங்கி , இணை செயல்பாட்டு வங்கிகள் , நிறுவனங்கள் நாடகம் , வங்கி ஒழுங்குமுறைகள் நாடகம் , கூட்டுறவு வங்கி , பொலிடிகல் குறுக்கீடு ,