PREVIOUS
✖
Revised Eligibility Norms for UCBs Inclusion
February 7 , 2024
323 days
501
0
- RBI has recently revised the eligibility norms for the inclusion of Urban Co-operative Banks (UCBs) in the Second Schedule to the Reserve Bank of India Act, 1934.
- Eligible UCBs must maintain a Capital to Risk-Weighted Assets Ratio (CRAR) of at least 3% more than the minimum requirement applicable to UCBs.
- Additionally, they should have no major regulatory and supervisory concerns.
Leave a Reply
Your Comment is awaiting moderation.