New Delhi, June 11 (IANS) The Reserve Bank of India (RBI) is likely to revive the issuance of fresh licences for urban co-operative banks (UCBs), a move that would end a two-decade pause on new entrants in the sector, according to a report.According to a report in NDTV Profit — citing sources — the central bank is expected to approve fresh licences for UCBs, a practice it had discontinued in 2004.The development comes after the RBI released a discussion paper in January seeking feedback on whe…
Latest UCBs News & Updates
Mumbai, April 28 (IANS) The Reserve Bank of India (RBI) on Tuesday launched ‘Mission SAKSHAM’, a nationwide capacity-building initiative aimed at strengthening the Urban Cooperative Banking (UCB) sector through structured training and skill development programmes.Unveiled by the RBI Governor, the mission seeks to enhance the capabilities of urban cooperative banks by equipping their workforce and leadership with the necessary knowledge and tools to navigate an evolving financial landscape.Th…