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4-tier regulatory framework
July 24 , 2022
757 days
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- Four-tiered regulatory framework was adopted by the Central Bank for Urban Co-operative Banks.
- It aims to strengthening the financial soundness of the existing urban cooperative banks.
- A committee was created under S. Vishwa Nathan, to make recommendations on strengthening the Urban Co-operative Banks.
- The committee has recommended to adopt four-tiered regulatory framework, on the basis of size of deposits of banks and area of operations.
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