NEW DELHI: The government on Wednesday said all cooperative banks and multi-state cooperative banks will come under the supervision of the Reserve Bank of India, a development aimed at providing comfort to depositors of these banks. Urban cooperative banks and multi-state cooperative banks will be brought under the RBI supervision process applicable to commercial banks, […]Read More
Tags : "cooperative banks"
By Uday Pendse After the fiasco at Punjab and Maharashtra Co-operative Bank, one is perplexed by some of RBI’s recent decisions which risked sparking a panic among depositors of these small banks. In an overwhelming situation like COVID-19, it is the primary responsibility of the regulator to provide a rock steady support to banks and […]Read More
The Reserve Bank of India on Friday revised exposure limits for urban cooperative banks (UCBs) to a single borrower and a group of borrowers to 15 per cent and 25 per cent, respectively, of tier-1 capital. The RBI had earlier permitted UCBs to have exposures up to 15 per cent and 40 per cent of […]Read More