R Gandhi: Future and new thoughts on co-operative banks Speech by Mr R Gandhi, Deputy Governor of the Reserve Bank of India, at the Silver Jubilee celebrations of the National Institute for Rural Banking (NIRB), Bengaluru, 19 June 2015. *  *  *  Assistance provided by Mr P K Arora is gratefully acknowledged.
The co-operative movement in India is more than a century old; regulation thereof is also more than a century old with the first major impetus provided by the passage of the Co-operative Society Act in 1904.