| Banking Regulation (Amendment) Act, 2020 | Strengthened RBI's oversight over co-operative banks. Effective from June 26, 2020, applied governance provisions of Banking Regulation Act, 1949 to Urban Co-operative Banks (UCBs). |
| RBI's 2024 Master Direction on Fraud Management | Introduced strict guidelines for fraud prevention, early warning mechanisms, and governance improvements in co-operative banks. |
| Prompt Corrective Action (PCA) Framework | Identifies financially weak UCBs and mandates remedial measures to restore financial health and ensure depositor protection. |
| Deposit Insurance (DICGC) | Provides a financial safety net for bank account holders, ensuring depositors' funds are protected in cases of bank failures. |
| "RBI Kehta Hai" Campaign | Educates the public about bank frauds, fraudsters' modus operandi, and steps to protect depositors' interests. |
| Amendment in MSCS Act, 2002 | Enhanced governance, transparency, and accountability in Multi-State Co-operative Societies. Included 97th Constitutional Amendment provisions and stronger financial disclosure norms. |
| Co-operative Ombudsman (Section 85A, MSCS Act) | Handles complaints and appeals from MSCS members regarding deposits, financial benefits, and other grievances. |
| Co-operative Election Authority | Ensures free and fair elections in MSCS, strengthening democratic governance and accountability. |
| NABARD's Fraud Reporting & Prevention Guidelines | Mandates fraud reporting by banks and involves law enforcement agencies (State Police, CID, Economic Offense Wing) for fraud investigation and legal action. |
| Ministry of Cooperation (MoC) | Works to strengthen the cooperative movement in India by expanding reach to grassroots, creating favorable policies, and providing training to co-operative society members and officials. |
