A small correction in book and some previous posts: 1. RBI ap | ECONOMY by VIVEK SINGH

A small correction in book and some previous posts:

1. RBI approval is required for appointment of Chairman/Whole-time Director/Managing Director/CEO in case of all Primary/Urban Cooperative Banks (UCBs) with deposit size of ₹100 crore and above.

2. In public interest and to protect the interest of the depositors, if required, RBI can supersede the Board of multi state Primary/Urban Cooperative Banks.

RBI approval is not required for appointing MD/CEO in case of State Cooperative Banks (StCB) and District Central Cooperative Banks (DCCB) and neither it can supersede its Board.

https://bit.ly/3SdghTR