RBI Notifies 4 Key Measures To Strengthen 1,514 Urban Co-Operative Banks
RBI has notified four key measures to strengthen 1,514 Urban Co-operative Banks (UCBs) in the country. UCBs can now open new branches up to 10% of the number of branches in the previous financial year without prior approval of RBI in their approved area of operation.
UCBs have to get the policy approved by their board and comply with the Financially Sound and Well Managed Norms.
The deadline to achieve PSL target of 60% also extended to March 31, 2024.
Madhya Pradesh Govt Launched ‘Ladli Bahna’ Scheme
