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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 planned. The central bank proposed standardizing lending rate frameworks for greater transparency. These announcements followed the decision to keep the policy repo rate unchanged. India's FY27 GDP growth forecast was raised to 6.7 percent.
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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…
