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Articles for Ucbs

Das warns of ‘excessive dominance’ by few board members in large commercial banks
1 year, 2 months ago

Das warns of ‘excessive dominance’ by few board members in large commercial banks

The Hindu  

Reserve Bank of India Governor Shaktikanta Das warned that the country’s Central Bank has witnessed “excessive dominance by one or two members of the board ” of large commercial banks. Speaking to board members of Urban Co-operative Banks in Mumbai, Mr. Das said, “We have told banks that this is not the way. He adviced that meetings be conducted in …

Banks Das Board Members Ucb Commercial Bank
RBI raises home loan limit for cooperative banks
2 years, 6 months ago

RBI raises home loan limit for cooperative banks

The Hindu  

Reserve Bank of India has decided to increased the existing limits on individual housing loans provided by cooperative banks, taking into account the rise in housing prices since the limits were last revised and considering customers’ needs for larger loans. Accordingly, the limits for tier 1/tier 2 urban cooperative banks stood revised from ₹30 lakh/ ₹70 lakh to ₹60 lakh/ …

Housing Cooperative Rbi Banks Lakh Limit Cooperative Banks
RBI Raises Housing Loan Limits For Cooperative Banks; Urban Coops Allowed Doorstep Services
2 years, 6 months ago

RBI Raises Housing Loan Limits For Cooperative Banks; Urban Coops Allowed Doorstep Services

News 18  

The Reserve Bank of India on Wednesday increased the limits for individual housing loans being extended by urban cooperative banks and rural cooperative banks, by over 100 per cent. Ramesh Nair, CEO and MD of Colliers, said, “The RBI has clearly emphasised on the significant role cooperative banks can play in expanding higher credit flows into the housing sector while …

Housing Cooperative Cent Rbi Banks Das Limit
RBI panel suggests 4-tier structure for urban co-op banks
3 years, 4 months ago

RBI panel suggests 4-tier structure for urban co-op banks

Deccan Chronicle  

Mumbai: A committee set up by the Reserve Bank of India to look into the functioning of urban cooperative banks has suggested a four-tiered structure to regulate them based on their size of deposits and has prescribed different capital adequacy and regulatory norms for them. The committee has also suggested setting up an umbrella organisation with a minimum capital of …

Committee Crore Rbi Ucbs
A year after PMC Bank scam, RBI says NPAs rise in urban co-operative banks, losses balloon up
3 years, 11 months ago

A year after PMC Bank scam, RBI says NPAs rise in urban co-operative banks, losses balloon up

Firstpost  

The Reserve Bank of India said the quantum of gross NPAs in the 1,539 UCBs increased to Rs 33,010 crore at end-FY20 from Rs 22,093 crore a year ago Mumbai: The proportion of gross non-performing assets of urban co-operative banks saw a rise in FY20 to 10.8 percent as against 7.3 percent in the previous year, the Reserve Bank said …

Bank Report Crore Rbi Banks Npas Pmc Bank
RBI brings 5-pillared approach to deal with cybersecurity issues in UCBs
4 years, 3 months ago

RBI brings 5-pillared approach to deal with cybersecurity issues in UCBs

Business Standard  

RBI brings 5-pillared approach to deal with cybersecurity issues in UCBs The technology vision document, which was formalised after obtaining inputs from various stakeholders, is aimed at enhancing the cybersecurity posture of UCBs Premium Use of information technology by banks has grown rapidly and is now an important part of the operational strategy of banks. Press Trust of India New …

Security Rbi Ucbs Technology Vision
'Protect Cooperative Banks': Sharad Pawar Writes to PM Modi
4 years, 4 months ago

'Protect Cooperative Banks': Sharad Pawar Writes to PM Modi

News 18  

NCP chief Sharad Pawar has written to Prime Minister Narendra Modi, saying that the "existence" of cooperative banks and their "cooperative character" should be protected. "However, at the same time, I honestly feel that the existence of cooperative banks and their 'cooperative' character shall be preserved," Pawar said. "Sir, though I agree with you that there should be financial discipline …

Bank Pawar Cooperative Sector Cent Rbi Banks