BJP has urged the RBI to bring the state cooperative banks within the range of the Right to Information Act so that the ordinary citizens are able to know exactly what these banks are doing. In a memorandum issued recently the party has made a foreceful argument for greater transparency in the cooperative banking system.
Sources say there are about two thousand non-scheduled and scheduled banks in the country operating in the cooperative sector. once these banks are brought within the ambit of the right to information act, there would be a discernible improvement in the functioning of the banks, add the sources.