Topic: Urban cooperative banks
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...
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...
RBI reduces exposure limits for UCBs
According to the Reserve Bank of India (RBI) notification, the single borrower and group exposure limit for Urban cooperative banks (UCBs) to 15% and 25% of tier I...
What is RBI’s Complaint Management System?
The Reserve Bank of India (RBI) has launched Complaint Management System (CMS), on its website for facilitating RBI’s grievance redressal process. About CMS It is a software application...
RBI launches Single Window Portal for Customer Complaints
The Reserve Bank of India (RBI) has launched a single window portal, Complaint Management System for addressing customer complaints relating to banks and non-banking finance companies (NBFCs) through...
RBI to create Specialised Supervisory and Regulatory Cadre
The Reserve Bank of India has decided to create a specialised supervisory and regulatory cadre for strengthening the supervision and regulation of commercial banks, urban cooperative banks and...
Implementation of Indian Accounting Standards deferred by RBI
The Reserve Bank of India (RBI) has deferred the implementation of new accounting rules, Indian Accounting Standards (Ind AS) for banks till further notice. This is the second...
