Urban Co-operative Banks (UCBs)

Source:  TP Subject:  Economy Context: The Reserve Bank of India (RBI) has proposed reopening the licensing window for Urban Co-operative Banks (UCBs) after a gap of more than 20 years, seeking stakeholder feedback. About Urban Co-operative Banks (UCBs): What it is? Urban Co-operative Banks (UCBs) are member-owned, community-based banks operating mainly in urban and semi-urban …

Urban Co-Operative Banks

  Source: ET  Context: The government has taken steps to strengthen 1,514 urban co-operative banks (UCBs) by implementing four key measures, as notified by the Reserve Bank of India (RBI).   Measures notified by the RBI are: