The Hindu·4 min read·hard
RBI to resume licensing of Urban Cooperative Banks
T
The Hindu Bureau
✦AI Summary
The Reserve Bank of India (RBI) plans to resume licensing for urban cooperative banks after a two-decade pause to foster a more vibrant cooperative sector. Additionally, the RBI is reviewing prudential norms for rural cooperative banks and rationalizing interest rate frameworks.
The Reserve Bank of India (RBI) is set to resume licensing of urban cooperative banks (UCBs), after a pause of more than two decades, as part of developing a vibrant co-operative sector.
economybusiness
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