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RBI to resume urban cooperative bank licensing process after two decades
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 guidelines for resuming UCB licensing have now been issued by the central bank. The operating environment for these banks has significantly transformed since 2004. This move follows extensive feedback on a discussion paper concerning UCB licensing.
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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 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…
