India's central bank relaxes certain norms for urban co-operative banks
India's central bank on Monday revised certain norms for urban co-operative banks (UCBs), with a view of providing them with greater operational flexibility, while meeting regulatory objectives.
RBI withdrawal relief for New India Co-op Bank depositors. Check details here
This announcement comes just over a week after the central bank prohibited the bank from issuing new loans, dissolved its board and took control owing to ‘supervisory concerns.’
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RBI Expands Operational Flexibility for Urban Cooperative Banks (UCBs) on Lending Norms
The Reserve Bank of India (RBI) has introduced measures to enhance the operational flexibility of Urban Cooperative Banks (UCBs), allowing them greater freedom in lending without compromising regulatory objectives.
Post New India Co-op Bank restrictions, RBI revises some lending norms for urban cooperative banks
RBI has revised some lending norms for urban co-operative banks, including expanding the definition of small-value loans, hiking real estate exposure limits and provisioning requirements for investment in Security Receipts.
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