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UCB BOARD GOVERNANCE
RBI tightens norms for re-appointment of directors on UCB boardsThe Reserve Bank of India has introduced new rules for Urban Co-operative Banks. Directors can now serve for a maximum of ten years. Follow...- PoS terminal supply squeeze; Skyroot CEO on unicorn flightHappy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imports. This and more in today's ETt...
- RBI plans new eligibility norms for urban co-op bank licencesThe Reserve Bank of India is considering new rules for urban cooperative bank licenses. Credit societies meeting strict financial and opera...
- Urban cooperative banks should prioritise governance, risk management: RBI Dy Governor Swaminathan JRBI Deputy Governor Swaminathan J urged Urban Cooperative Banks (UCBs) to prioritize governance, risk management, and secure technology ado...
- RBI 'not comfortable' with NPAs in urban co-op banks, asks lenders to focus on governanceDas also expressed the RBI's discomfort with board committees like those handling important functions, such as audit and risk not meeting r...
- RBI raises concern over high bad loan ratio in urban cooperative banksThe governor said that even as UCBs have their cumulative non-performing assets ratio improved to 8.7%, this is "not a comfortable number"....
- Good governance important to ensure stability of urban cooperative banks: RBI governorThe Reserve Bank of India (RBI) has urged the directors of Urban Co-operative banks (UCBs) to enhance governance practices to ensure stabil...
- RBI notifies 4 key measures to help strengthen 1,514 Urban Co-operative Banks"Pursuant to detailed discussions held by Union Home Minister and Minister of Cooperation Amit Shah, with Finance Minister Nirmala Sitharam...
- RBI asks large UCBs to appoint chief compliance officersCompliance risk is the risk of legal or regulatory sanctions, material financial loss or loss of reputation a UCB may suffer as a result of...
- RBI prescribes five-pillared approach to deal with cybersecurity issues in UCBsThe five-pillared strategic approach 'GUARD' comprises Governance Oversight, Utile Technology Investment, Appropriate Regulation and Superv...
- Permission for new branches for UCBs only after amending bye-laws to set up a Board of ManagementThe central bank clarified that it would issue final guidelines only licencing of new UCBs only after they receives appropriate plans from ...
- Improve governance practices or perish: RBI to UCBsSince the fall of the Madhavpura Cooperative Bank scam of 2002, urban cooperative banks (UCBs) have been witnessing a steady fall in their ...
- RBI proposes Board of Management for urban co-operative banksCurrently, the Board of Directors of a UCB perform both the executive and supervisory roles and has the responsibility to oversee the overa...
- RBI to issue fresh guidelines for UCBs in JuneThe Reserve Bank will issue fresh guidelines for urban cooperative banks (UCBs) in June, 2012, Parliament was informed today.
- Regaining the glory of cooperative banksIn the formative years of the Maharashtra State Cooperative Bank, its directors used to carry their lunch and tea for the fear of burdening...
- Co-op banks seek RBI help to prevent run on moneyFor several years, boards of ailing urban co-operative banks (UCBs) in the state used to make loud noises when their banks were placed unde...
- RBI places Parivartan Coop, Miraj Urban under moratoriumThe spate of failures of urban co-operative banks (UCBs) in the state is clearly on the rise.
- State seeks to calm down UCB depositors’ concernsDon’t panic”, says the Maharashtra government to thousands of depositors of the 626 urban co-operative banks (UCBs) in the state.
- RBI will soon have a tight leash on M'rashtra UCBsThe panic among depositors of co-operative banks after the Shree Suvarna Bank episode has prompted the state government to expedite an MoU ...
- Another co operative bank goes bustAfter UWB, Pune-based Shree Suvarna Co-operative Bank is the latest bank to go under moratorium.
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