Urban Co-operative Banks(UCBs)

Topic Urban Co-operative Banks(UCBs) ContextRecently, a Reserve Bank of India (RBI)-appointed committee has suggested a four-tier structure for the Urban Cooperative Banks (UCBs).• In June 2020, the Central government approved an Ordinance to bring all urban and multi-state co-operative banks under the direct supervision of the RBI.• In January 2020, the RBI revised the Supervisory Action … Continue reading Urban Co-operative Banks(UCBs)