Question
Consider the Following statement about RBI’s new
regulatory framework for urban cooperative banks: I. It is the four-tiered regulatory framework for categorization of Urban Co-operative Banks (UCBs). II. It is applicable with effect from 1, January 2023. III. The existing regulatory framework classifies UCBs into two tiers - Tier I and Tier II. Which of the above statement is/are not correct?Solution
The Reserve Bank of India (RBI) has comeout with a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs), Besides, the central bank has come out with norms pertaining to the net worth and capital adequacy of these banks. The four-tiered regulatory framework, based on size of deposits of the UCBs, will be applicable with effect from December 1 2022. The existing regulatory framework classifies UCBs into two tiers - Tier I and Tier II. The RBI has categorised all unit UCBs and salary earners' UCBs (irrespective of deposit size), and all other UCBs having deposits up to Rs 100 crore in Tier 1. In Tier 2, it has placed UCBs with deposits more than Rs 100 crore and up to Rs 1,000 crore. Tier 3 will cover banks with deposits more than Rs 1,000 crore and up to Rs 10,000 crore. UCBs with deposits more than Rs 10,000 crore have been categorised in Tier 4. Tier 1 UCBs operating in a single district should have minimum net worth of Rs 2 crore. For all other UCBs (in Tier 1, 2 and 3) tiers, the minimum net worth should be Rs 5 crore. Tier 1 UCBs have to maintain a minimum capital to risk weighted assets ratio of 9 per cent of Risk Weighted Assets (RWAs) on an ongoing basis. Tier 2 to 4 UCBs have to maintain a minimum capital to risk weighted assets of 12 per cent of RWAs on an ongoing basis.
The company recently surprised its employees by gifting them for a bicycle each .
 In the questions, a part of the sentence is highlighted. Below are given alternatives to the highlighted part which may improve the sentence. Choose ...
Which of the phrases a, b, c, and d given below in each sentence should replace the word/phrase printed in bold in the sentence to make it grammaticall...
Barcelona defender Jordi Alba scores (A)/ one goal and set up another (B)/ to spark a 2-1 comeback victory on Real Sociedad, (C)/ depriving the Basque C...
In the following questions, a part of the sentence is underlined. Below are given alternatives to the underlined part. Select the option that best impr...
In the following question, a part of the sentence is underlined. Below the sentence are three alternatives to the underlined part. Select the alternativ...
In consonance in the goal of provide health for all under the National Health Policy, care should be universal, and free at the point of delivery...
Several nations are cooperating to address the pressing issue of climate change, which requires immediate action and collective efforts.
Of the four given options, choose the most appropriate one.
1. When we look at the lessons learned from the ongoing COVID-19 pandemic, we can understand that the need for collective action among members of the i...
