The recent inclusion of the Association of Cooperative Banks (ACAB) under the Reserve Bank of India (RBI) Act represents a landmark development in India’s banking and financial regulatory landscape. This move brings cooperative banks under a more structured regulatory framework, enhancing oversight, governance, and operational transparency. By integrating ACAB into the RBI’s ambit, the government aims to strengthen financial stability, safeguard depositor interests, and align cooperative banking practices with evolving industry standards.