The financial status of 277 urban cooperative banks is weak. 105 cooperative banks are unable to meet the minimum regulatory capital requirement. 47 banks have net worth in negative. 328 urban cooperative banks have more than 15% gross NPA ratio: FM Sitharaman in Lok Sabha

This Bill does not regulate cooperative banks. The amendment is not for central govt to take over the cooperative banks. It is not for the first time that this regulation of extending some powers to RBI is happening: FM on Banking Regulation (Amendment) Bill, in Lok Sabha pic.twitter.com/SXEo3HzqvL

— ANI (@ANI) September 16, 2020