The Reserve Bank of India has launched Mission SAKSHAM, a nationwide capacity-building initiative aimed at strengthening the Urban Cooperative Banking (UCB) sector through structured training […]
Tag: UCBs
RBI unveils revised Priority Sector Lending (PSL) guidelines to strengthen credit flow
The Reserve Bank of India (RBI) has introduced updated guidelines for Priority Sector Lending (PSL) aimed at improving credit accessibility for key sectors of the […]
RBI raises small value loan ceiling for urban co-operative banks to Rs 3 crore per borrower
The Reserve Bank of India (RBI) has increased the small value loan ceiling for Urban Co-operative Banks (UCBs) to Rs 3 crore per borrower, enhancing […]
RBI holds conference in Mumbai for Heads of Assurance Functions
The Reserve Bank of India (RBI) recently held a conference in Mumbai for the Heads of Assurance Functions (i.e. Chief Compliance Officers (COOs), Chief Risk […]
Priority Sector Lending target deadline for Urban Cooperative Banks extended
Urban cooperative banks (UCB) are getting more regulatory relaxations. The Reserve Bank of India (RBI) has extended the deadline for meeting their priority sector lending […]
Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das
Reserve Bank Governor Shaktikanta Das on Thursday said cooperative lenders will soon be able to do technical write-offs and execute compromise settlements with defaulting borrowers. […]
NCUI signs MoU with HCL Foundation for branding support to co-ops
In order to develop training infrastructure for co-ops, NCUI has joined hands with HCL Foundation as an MoU was signed by Dr Sudhir Mahajan, CE […]
RBI approves the voluntary amalgamation of Maratha Sahakari Bank Ltd., Mumbai with The Cosmos Cooperative Bank Limited, Pune
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Maratha Sahakari Bank Ltd., Mumbai, Maharashtra with The Cosmos Co-operative Bank Limited, Pune, […]
RBI has appointed Mrs. Scenta Joy, CGM of Department of Regulation, RBI as Nodal Officer for UCBs
Fulfilling its promise of appointing a nodal officer for all policy issues related to Urban Co-operative Banks, the Reserve Bank of India has appointed a […]
RBI Governor meets UCB leaders; brainstorms on sector’s growth
The RBI Governor Shaktikanta Das held a meeting with the representatives of National Federation of Urban Co-operative Banks and Credit Societies Limited (NAFCUB), select Federations […]