Union Minister Amit Shah emphasizes the RBI's proactive support for urban cooperative banks during the inauguration of NUCFDC's new office in Mumbai. He highlights significant relaxations and the importance of UCBs in India's economic future.

The Reserve Bank of India (RBI) plans to re-start issuing fresh licences for setting up Urban Co-operative Banks (UCBs) after a gap of two decades. However, the eligibility norms…

RBI's renewed licensing policy revitalizes urban cooperative banks, enhancing financial inclusion and addressing credit gaps for MSMEs.