Polity and Governance › Constitutional, statutory and regulatory bodies
हिन्दी — Read in HindiRegulators and quasi judicial bodies
The regulators and quasi judicial bodies created by Parliament, and the questions of independence and accountability they raise.
The Reserve Bank of India and multi State cooperative banks
Copy link to The Reserve Bank of India and multi State cooperative banksPrelims
Section 36AAA of the Banking Regulation Act, 1949 lets the Reserve Bank of India (RBI) supersede the board of a cooperative bank.
What changed
6 Sep 2026Briefnewly addedIn Sandeep S. Ghandat v. Reserve Bank of India, the Supreme Court held that the power applies to multi State cooperative banks. It held that the power is not bound by the six month limit in the Constitution's provisions on cooperative societies. LiveLaw, 6 Sep 2026: Supreme Court weekly round up, September 1 to September 6, 2026 (opens in a new tab)
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