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FINANCIAL REQUIREMENTS FOR UCBS
RBI proposes easing business authorisation norms for urban cooperative banksReserve Bank of India is planning to revise norms for Urban Cooperative Banks. The new rules will harmonize eligibility for business permis...
RBI relaxes certain norms for urban co-operative banksIndia's central bank has eased regulations for urban co-operative banks, allowing more flexibility in defining small-value loans and increa...
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 issues prompt corrective action framework for UCBsThe RBI introduced a prompt corrective action framework for urban cooperative banks to allow timely supervisory intervention. Effective fro...
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 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 UCB Boards to review loan policy every financial year"In order to ensure that the loan policy reflects approved internal risk appetite and remains in alignment with the extant regulations, it ...
RBI to adopt four tiered regulatory framework for Urban Co-operative BanksAs of March 2021, most UCBs have already complies with the requirement as per the data submitted to RBI by the USBs. Those who do not meet ...
Good ideas to revamp urban co-op banksThe bottomline is that with proximity to the borrower and better understanding of local requirements, the larger UCBs can well be empowered...
RBI committee suggests measures to strengthen the Urban co-operative banksThe committee headed by former deputy governor N S Vishwanathan, suggesting a four tiered structure based on the size of deposits recommend...
RBI asks large UCBs to implement system-based asset classification from June 2021RBI has also asked all concerned UCBs to conduct pilot/parallel run and evaluate the results for accuracy/integrity of the asset classifica...
Urban cooperative banks report nearly 1,000 frauds worth over Rs 220 crore in past five fiscals: RBIResponding to an RTI query, the central bank said a total of 181 fraud cases involving Rs 127.7 crore were noticed during 2018-19. A total ...
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 panel for conversion of large UCBs into regular banksAn RBI panel today recommended converting urban cooperative banks (UCBs) with business size of Rs 20,000 crore or more into regular banks t...
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...
- RRB recapitailisation requires Rs 1,800 cr: RBI
The Reserve Bank of India on Wednesday said about Rs 1,800 crore would be required to strengthen the balance sheet of Regional Rural Banks ...
- Cooperative banks allowed to open branches
RBI allows urban cooperative banks with a net worth of more than Rs 10 crore to open new branches.