Cooperative Banks

RBI Unveils 4-tiered Regulatory Framework for Urban Cooperative Banks

A four-tiered regulatory framework for categorization of the Urban Cooperative Banks (UCBs) was recently released by the Reserve Bank of India (RBI). It had also announced norms concerning the net worth and capital adequacy of these banks. Why is the ..

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RBI asks large UCBs to set up Board-approved policy, compliance function

The RBI has directed urban cooperative banks (UCBs) belonging to tier 3 and tier 4 categories to create a Board-approved policy and compliance function. Key facts The central bank has asked the urban cooperative banks with more than Rs.10,000 crore ..

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RBI: Increased housing loan limit for Co-op Banks

On June 8, 2022, The Reserve Bank of India (RBI) has increased the limit two times on housing loans from cooperative banks. Highlights RBI has also permitted the Rural Cooperative Banks (RCB) for financing residential real estate projects, in a bid to ..

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Merger of DCCBs with StCBs

Reserve Bank of India will consider merger of District Central Co-operative Banks (DCCBs) with State Cooperative Banks (StCBs) if the concerned state government will make any proposal. Highlights RBI has notified the guidelines for merging DCCBs with StCBs as two-tier ..

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RBI extends curbs on PMC Bank till 30 June

Reserve Bank of India (RBI) has extended restrictions on withdrawals and deposits in Punjab & Maharashtra Cooperative (PMC) Bank till 30 June, 2021. This decision was taken as central bank is working to finalize an investor for scam-hit multi-state cooperative ..

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Why were six PSBs excluded from Schedule II of RBI act recently?

On September 30, 2020, the Reserve Bank of India excluded six public sector banks from the Second Schedule of RBI Act. This was done following their merger with other banks. These six banks are Oriental Bank of Commerce (OBC), Syndicate ..

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