Amendment status not verified — confirm the current text below against the official source.
The Committee of a Society in Co-operative Credit Structure shall have power : (a) To borrow from any bank or financial institution regulated by the Reserve Bank and avail refinance from the National Bank or any other refinancing body directly or through any financial institution regulated by the Reserve Bank. (b) To keep its deposits and invest its surplus in any Bank or financial institution regulated by the Reserve Bank taking into account the interest of the Society and its members.