RBI comes out with four-tiered regulatory framework for urban cooperative banks
Admin
Dec 2, 2022 11:01
70
The Reserve Bank of India (RBI) on Thursday announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs), Besides, the central bank has come out with norms pertaining to the net worth and capital adequacy of these banks.
The four-tiered regulatory framework, based on size of deposits of the UCBs, will come into force with immediate effect.
