Urban Cooperative Banks (UCB) Current Affairs, GK & News

RBI to set up Expert Committee on Urban co-op Banks

The Reserve Bank of India (RBI) has recently decided to set up an expert committee on Urban Co-operative Banks (UCBs). Highlights The committee would involve all the stakeholders so as to provide a medium-term road map. The medium-term roadmap in turn will help to strengthen the sector. It will also enable the faster rehabilitation or ..

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RBI Trend and Progress Report, 2020

The Trend and Progress report of Reserve Bank of India provides information about performance of the banking sector. This includes non-banking Financial Institutions and cooperative banks. The report also offers perspectives on the evolving outlook of financial sector of India. The report is a statutory compliance of Banking Regulation Act, 1949. Key Findings of the ..

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Cabinet Approves Ordinance to bring UCBs and MSCBs under RBI supervision

The decision to bring Urban Cooperative Banks (UCBs) and Multi-State Cooperative Banks (MSCBs) under the supervision of India’s Central Bank- the Reserve Bank of India (RBI) was taken on 24th June 2020 during a meeting of the Union Cabinet. The ordinance will immediately come into effect from the date of signature of the President of ..

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Exposure Limits for Urban Cooperative Banks revised by RBI

On March 13, 2020, the Reserve Bank of India revised exposure limits of Urban Cooperative Banks. Earlier the RBI permitted 15% of its capital funds to single borrowers and 40% of its funds to group of borrowers. It has now revised the group of borrower fund limit to 25% of its funds. Highlights Apart from ..

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RBI constitutes high level panel on urban cooperative banks (UCB)

The Reserve Bank of India (RBI) has constituted a high-powered panel on urban cooperative banks (UCB). It will be headed by RBI Deputy Governor R Gandhi and comprise of eight member who will be experienced bankers. They will submit its report within three months from the date of its first meeting. This high-powered panel will ..

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