Four-tiered regulatory for Urban Cooperative Banks Current Affairs, GK & News
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 four-tiered framework needed? The previous regulatory framework classified USCs into Tier I and Tier II. ..
Month: Current Affairs - December, 2022
Category: Banking Current Affairs • Economy & Banking Current Affairs - 2022
Topics: Cooperative banking • Cooperative Banks • Four-tiered regulatory for Urban Cooperative Banks • Reserve Bank of India • Reserve Bank of India (RBI)
RBI: Four-tiered regulatory for Urban Cooperative Banks
On July 19, 2022, a simple four-tiered regulatory framework was adopted by the Central Bank, for Urban Co-operative Banks (UCBs). Key Facts The RBI adopted the framework on the basis of size of deposits. This move is aimed at strengthening their financial soundness. N. S. Vishwanathan Committee S. Vishwanathan Committee was created to make recommendations on strengthening ..
Month: Current Affairs - July, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: Four-tiered regulatory for Urban Cooperative Banks • N. S. Vishwanathan committee • Reserve Bank of India (RBI) • urban co-operative banks (UCBs)