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UCBS IN INDIA
ICICI Bank adds most credit cards in April amid rising competitionAxis Bank added 63,446 cards in April, less than half its February tally. Kotak Mahindra Bank remained steady at 33,038 additions. "We are ...- 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...
- Ex-Arvind Fashions MD Shailesh Chaturvedi’s new venture Neopolis Brands in talks to raise Rs 100 croreNeopolis Brands, founded by former Arvind Fashions MD & CEO Shailesh Chaturvedi, is in talks to raise Rs 100 crore from investors like Ashi...
- RBI rolls out UCB training programmeThe Reserve Bank of India has launched Mission SAKSHAM. This initiative aims to build capacity across all urban cooperative banks nationwid...
- Tweak sought in capital norms for urban co-operative bank licenceIn an effort to invigorate the co-operative banking landscape, the Reserve Bank of India is contemplating a significant reduction in the mi...
- 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...
- 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 deputy governor calls for strengthening governance at UCBsDeputy Governor Swaminathan J of the Reserve Bank emphasized the imperative to bolster governance and technological infrastructure in urban...
- RBI comes out with four-tiered regulatory framework for urban cooperative banksThe four-tiered regulatory framework, based on size of deposits of the UCBs, will come into force with immediate effect. The extant regulat...
- RBI asks UCBs to report large accounts data almost with immediate effectThe detailed guideline stipulate that the reporting frequency of the CRILC (Central Repository on Information on large Credits)– UCBs retur...
- 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 ...
- Dr Reddy's Lab completes acquisition of UCB's select brandsThe company had entered into an agreement with UCB which also entails absorbing 350 employees engaged in the operations of India business.
- Dr Reddy's Laboratories to buy UCB's Indian arm for Rs 800 croreUCB, listed on Euronext Brussels, has operations in nearly 40 countries with revenues of €3.3 billion (about Rs 22,275 crore) in 2014.
- Dr Reddy’s agrees to buy UCB business in India for Rs 800 croreThe deal will help Dr Reddy's strengthen its presence in dermatology, pediatrics and respiratory products, the company said in a statement ...
- RBI asks urban co-operative banks not to lend to government entitiesThe Reserve Bank of India (RBI) today advised urban co-operative banks (UCB) against giving big ticket loans to public sector companies.
- Monetary policy review: Urban co-operative banks to vie for home finance pieReserve Bank of India has enhanced the limit and repayment period of housing loans by the urban co-operative banks, or UCBs.
- Cooperative banks allowed to open branchesRBI allows urban cooperative banks with a net worth of more than Rs 10 crore to open new branches.
- More avenues for UCBs to raise capital on cardsThe Reserve Bank of India (RBI) will consider new measures to allow urban co-operative banks (UCBs) to raise fresh capital.
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