RBI slaps fine on 9 co-operative banks for violating norms
The monetary penalties were imposed based on deficiencies in regulatory compliance, as per the RBI.
urban co operative banks
November 2022
September 2022
July 2022
RBI directs urban cooperative banks to appoint compliance chiefs by 2023
Tier 4 urban cooperative banks (UCBs) – lenders with deposits above ₹10,000 crore – have been asked to appoint a chief compliance officer by April 1, 2023.
RBI asks urban co-operative banks to review loan policy every financial year
This will ensure that the loan policy reflects approved internal risk appetite, says RBI.
RBI unveils new regulations for urban co-operative banks
For tier-2, tier-3 and tier-4 UCBs, the RBI has decided to revise the minimum CRAR to 12% so as to strengthen their capital structure.
