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The President has given his assent to The Banking Regulation (Amendment) Act, 2020. The Amendment Act brings the cooperative bank under the supervision of the RBI. It further allows RBI to initiate a scheme for reconstruction or amalgamation of a bank without placing it under moratorium.The President has given his assent to The Banking Regulation (Amendment) Act, 2020. The Amendment Act brings the cooperative bank under the supervision of the RBI. It further allows RBI to initiate a scheme for reconstruction or amalgamation of a bank without placing it under moratorium.taxmann.com NewsRead More