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

N. S. Vishwanathan Panel on Urban Co-operative Banks

Reserve Bank of India had appointed committee headed by N. S. Vishwanathan to make suggestions on structure for the urban cooperative banks (UCBs) Key Points Panel was set up to suggest structure on the basis of deposits, prescribed different capital adequacy as well as regulatory norms for them with respect to their sizes. RBI had ..

Month: 

Category: 

Topics: 

Regulations Review Authority 2.0

The Reserve Bank of India recently established the Regulations Review Authority (RRA) 2.0. The authority is to function for a period of one year. Functions of RRA 2.0 The RRA will review the regulatory prescriptions internally. It will also review the regulatory prescriptions by seeking suggestions from regulated entities and stakeholders. It will work towards ..

Month: 

Category: 

Topics: 

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 ..

Month: 

Category: 

Topics: 

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 ..

Month: 

Category: 

Topics: 

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 ..

Month: 

Category: 

Topics: