Cooperative banks: An oxymoron : Dr. M S Sriram

In a new piece for Business Standard, Dr. M S Sriram, Public Policy area, examines the complex institutional position of cooperative banks within the Reserve Bank of India’s regulatory mandate, which he says sits at odds with the apex body’s prudential responsibilities.

In ‘Co-operative banks: RBI’s inclusivity pitch runs into regulatory dilemma’, Dr. Sriram situates the discussion within the historical evolution of cooperative finance in India, and in doing so, highlights structural tensions between principles of mutuality, democratic control, and the regulatory expectations placed on banking institutions.