Cooperative Banks
Rajasthan Launches Interest Subvention Scheme for Farmers
The Rajasthan government has introduced a groundbreaking interest subvention scheme. This initiative is designed to support farmers by enhancing their financial accessibility. The scheme provides important interest subsidies on both agricultural and non-agricultural loans. It aims to boost farm productivity ..
Month: Current Affairs - November, 2024
Category: Government Schemes Current Affairs
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 ..
Month: Current Affairs - December, 2022
Category: Economy & Banking Current Affairs
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 ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs
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 ..
Month: Current Affairs - June, 2022
Category: Economy & Banking Current Affairs
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 ..
Month: Current Affairs - May, 2021
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 ..
Month: Current Affairs - March, 2021
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 ..
Month: Current Affairs - October, 2020
RBI releases Cyber Security Vision Framework for Urban Cooperative Banks
On September 25, 2020, the Reserve Bank of India released Cyber Security Vision Framework for Urban Cooperative Banks (UCBs). The apex bank has taken four different guiding principles in order to formulate the framework. This is because the heterogeneity of ..