There have always been questions over who controls cooperative banks in India, states or the Centre. The ordinance empowers RBI to intervene in failing banks.
The multi-state co-operative bank has been under RBI restriction since 23 September, after the central bank found huge under-reporting of loans & non-performing assets.
Nick Jonas is not trying to modernise the mangalsutra, but his gesture shows that choices can be equal. If commitment must be flaunted, it need not be gendered.
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