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UCB LICENSES
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...- RBI proposes resumption of licensing of urban co-op banksThe Reserve Bank of India is considering reissuing licenses for Urban Cooperative Banks after a two-decade pause. A discussion paper has be...
- 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...
- New India Cooperative Bank collapse and its ripple effect on UCBs across IndiaThe Urban Cooperative Banks (UCBs) sector is under scrutiny following regulatory actions, with 1,472 banks and significant deposits and adv...
- RBI revises supervisory framework for UCBs to expedite resolution of UCBs in financial stressRBI added that it will continue to monitor asset quality, profitability and capital/net worth of UCBs.
- RBI issues its first licence to an UCB to convert into Small Finance BankThe “in-principle” approval granted will be valid for 18 months to enable the applicant to comply with the requirements under the scheme, t...
- Single deposit of Rs 2 crore and more to qualify as 'bulk deposit': RBIThe instructions regarding bulk deposits were last reviewed in January 2013 and defined as single rupee deposits of Rs 1 crore and above.
- RBI proposes umbrella body for Urban Cooperative Banks: Depositors can hope for better daysA long-term solution to make the UCB sector financially resilient and to enhance the depositors' confidence is to set up an Umbrella Organi...
- 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 ...
- Urban cooperative Bank promoter will have to set up a public Ltd Company before transitioning into small finance banks: RBIRBI has said that the promoters will have to incorporate a public limited company under the Companies Act, 2013 having the word ‘bank’ in i...
- What RBI needs to do for transition of urban co-operative banks into small finance banksEmerging from the shadows of the 2001 Madhavpura bank scam, some co-op banks have gained heft and recaptured public trust. These banks are ...
- RBI forms panel to make urban cooperative banks strongerRBI panel, to be headed by deputy governor R Gandhi, will review urban cooperative banking set up as a whole & suggest ways to make the ban...
- Urban co-operative banks on a high as RBI lifts curbsThe Reserve Bank of India has offered urban co-operative banks or UCBs more freedom to operate by removing some of the restrictions.
- Profit-making coop banks allowed to open branchesLiberalising branch licensing norms for profit-making urban co-operative banks, RBI has permitted them to open branches and off-site ATMs a...
- Alembic signs licensing agreement with UCBAlembic today said it has signed $11 million licensing agreement with Belgium-based UCB for anti-epileptic drug Keppra.
- Benetton mulls deodorant manufacturing unit in IndiaItaly-based Selective Beauty, owner of the popular United Colors of Benetton brand of deodorants, is considering to set up a manufacturing ...
- Cooperative banks to get tax breaks soonFinance minister P Chidambaram, who signalled government’s intention to extend tax benefits to these banks at par with other banking compan...
- Saraswat gets nod to take over Mandvi BankA high-level screening committee of the Reserve Bank of India (RBI) is understood to have cleared the proposal to allow the country’s large...
- Strong urban coops get licence to branch outReserve Bank of India has partially relaxed the branch licensing policy for urban co-operative banks (UCBs) after a three-year ban.
- Cosmos Bank plans to buy 5 more coop banksCosmos Cooperative Bank, which has been on an acquisition spree, is looking at taking over five more urban cooperative banks (UCB) - three ...
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