Question
The RBI revised its instructions on Bulk Deposits for
Urban Co-operative Banks (UCBs) in January 2024. Under this revision, what is the minimum amount considered a "Bulk Deposit" for Tier 3 and 4 Scheduled UCBs?Solution
As per the circular titled "Review of Instructions on Bulk Deposits for Urban Co-operative Banks (UCBs)," RBI revised the minimum amount of bulk deposits for Tier 3 and 4 UCBs to ₹1 crore from ₹15 lakh for other UCBs.
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