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Revised Eligibility Norms for UCBs Inclusion
February 7 , 2024
89 days
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- RBI has recently revised the eligibility norms for the inclusion of Urban Co-operative Banks (UCBs) in the Second Schedule to the Reserve Bank of India Act, 1934.
- Eligible UCBs must maintain a Capital to Risk-Weighted Assets Ratio (CRAR) of at least 3% more than the minimum requirement applicable to UCBs.
- Additionally, they should have no major regulatory and supervisory concerns.
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