Govt told Parliament that Maharashtra accounted for nearly half of the banks placed under RBI’s regulatory directions; DICGC settled Rs 18,931 crore in depositor claims.

Govt told Parliament that Maharashtra accounted for nearly half of the banks placed under RBI’s regulatory directions; DICGC settled Rs 18,931 crore in depositor claims.

The Reserve Bank of India will resume urban cooperative bank licensing after a 22-year pause. A comprehensive review of credit monitoring for rural cooperative banks is also…

The Reserve Bank of India will resume licensing for urban cooperative banks. A comprehensive review of credit monitoring for rural cooperative banks is also planned. The central…

The Reserve Bank of India will resume issuing new licenses for urban cooperative banks. This process has been paused for over two decades due to past financial instability. Draft…