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RBI proposes resuming UCB licensing, overhaul of rural bank rules at MPC
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 bank proposed standardizing lending rate frameworks for all regulated entities. This move aims to enhance transparency and strengthen consumer protection measures. Global risks like the West Asia conflict continue to impact India's economic outlook.
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theprint.in
RBI cracked whip on 87 urban co-op banks in 2021 for violations. Only 27 remain under regulatory curbs
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.
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economictimes.indiatimes.com
RBI to resume urban cooperative banks' licensing after 22-year pause, review rural bank rules
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…
