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ELIGIBILITY CRITERIA FOR UCBS
RBI prescribes qualifications for MDs, WTDs of urban cooperative banksIt further said the MD/WTD should be a post graduate or have qualifications in finance discipline. He or she could be either chartered/cost...
New auditors: RBI clarifies on tenure, eligibility normsThe central bank on April 27, 2021, had issued a circular on 'Guidelines for appointment of statutory central auditors (SCAs)/statutory aud...
RBI's new norms to help enhance audit quality, transparency, add value: ExpertsIn April, the Reserve Bank issued a circular putting in place the new norms for appointment of statutory central auditors and statutory aud...
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 ...
UCBs may have to attain Rs 20,000 crore business size to become commercial: RBIAn urban co-operative bank may have to attain a business size of Rs 20,000 crore or more to convert into a commercial bank, the Reserve Ban...
UCBs with deposits of over Rs 750cr can be a scheduled bankThe Reserve Bank today allowed urban cooperative banks (UCBs) with total deposits of over Rs 750 crore to graduate to scheduled bank catego...
- RBI relaxes norms for AMCs to open branches
Reserve Bank of India has allowed authorised money changers to open additional branches in metros without adhering to the old criteria.
- Part B: Mid-term Monetary policy review statement for the Year 2008-09
- RBI hikes CRR by 25 bps more; other rates unchanged
RBI has hiked the cash reserve ratio of banks by another 25 bps taking it to 8.25%. However, repo and reverse repo rate were untouched. Gai...
- UCBs rattled as farmers stop repaying loans
The Rs 60,000-crore debt waiver has left urban cooperative banks (UCB) and credit cooperative societies (CCS) baffled.
- No more credit to brokers, RBI tells co-ops
The Reserve Bank of India (RBI) has asked co-operative banks not to extend any facility - either guarantee or finance - to commodity broker...
- UCBs, listed corporates allowed to undertake repos on G-secs
Listed corporates will have a new avenue to deploy funds, following an RBI decision to allow them to undertake repos in government securiti...
- Annual Policy Statement '05
The complete Annual Policy Statement '05 as presented by Dr. Y Venugopal Reddy, Governor, Reserve Bank Of india.
- Eyes on the road, hands on wheel
The policy documents of the Reserve Bank capture the rationale of monetary, structural and prudential measures introduced from time to time...
- Reddy hums new tune: let it be-I
Annual Policy Statement For The Year 2004-05 By Y Venugopal Reddy, Governor, Reserve Bank of India .
- Annual Monetary and Credit Policy for the year 2003-2004
Following is the full text of the Monetary and Credit Policy for the year 2003-'04 announced by Reserve Bank Governor Bimal Jalan on Tuesda...