In June 2020, the President of India promulgated the Banking Regulation (Amendment) Ordinance, 2020. Which of the following is the main feature of this ordinance?

A

It brings urban and multi-state cooperative banks under the supervision of the Reserve Bank of India.

B

It gives greater regulating powers to the Reserve Bank of India by the way of appointing more Directors to the Board of scheduled banks.

C

It relaxes Tier-1 capital related norms for banks.

D

It allows foreign lending institutions to set up their branches in India.