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The Reserve Bank of India (RBI) prescribed a four-tier regulatory structure for urban cooperative banks (UCBs). The regulator has stipulated a minimum net worth of ₹2 crore for tier one UCBs operating in a single district and ₹5 crore for all other UCBs of all tiers. RBI also retained the minimum capital adequacy ratio requirement for tier one banks at the present level of 9%. For urban cooperative banks of all other tiers, while retaining the current capital adequacy framework, RBI said it has decided to revise the minimum capital adequacy ratio to 12% to strengthen their capital structure. In February 2021, RBI constituted the committee headed by former deputy governor N S Vishwanathan to examine issues in the urban cooperative banking sector, provide a medium-term road map and suggest measures for faster resolution of UCBs, among others. RBI Headquarters: Mumbai Governor: Shaktikanta Das 4 Deputy Governors: T. Rabi Sankar,MK Jain, MD Patra, M Rajeshwar Rao Co-operative Banks, which are distinct from commercial banks, were born out of the concept of co-operative credit societies where members from a community group together to extend loans to each other, at favourable terms. Co-operative Banks are broadly classified into Urban and Rural co-operative banks based on their region of operation. Capital to Risk (Weighted) Assets Ratio (CRAR) is also known as Capital adequacy Ratio, the ratio of a bank's capital to its risk. The RBI tracks a bank's CAR to ensure that the bank can absorb a reasonable amount of loss and complies with statutory Capital requirements.
Which Indian state has the maximum number of slums according to the data released by the Housing and Urban Poverty Alleviation Ministry?
The statutory power for exchange control was provided to RBI by the Foreign ExchangeRegulation Act (FERA) of _.
With respect to GST, consider the following statements:
1. Reduces cascading effect
2. Is a comprehensive indirect tax
3. Ai...
Which institution developed a map specifically for rural areas?
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Match List-I with List-II and select the correct answer using the code given below the Lists.
To which form of dance, one of the five great epics of Tamil Literature, ‘Silappatikaram’ (2nd Century CE) has a
direct reference?
For the first time in India, the Merchandise export crossed was crossed to 400 billion USD in?
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi has approved the establishment of the WHO Global Centre for Traditional Medicine (WHO GC...
