Get Started with ixamBee
Start learning 50% faster. Sign in now
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.
Mphasis ’ s strategic collaboration with AWS to establish the Gen AI Foundry focuses on leveraging advanced technologies to transform a specific secto...
Consider the statement below and answer the question that follows :
" Germany has recently granted India a license to purchase small arms ...
Who is popularly known as 'the King of Clay' and has decided to withdraw from the upcoming edition of the French Open due to injury?
Which India e-learning startup have been featured in Time Magazine's 2021 list of 100 most influential companies?
What was the new business premium (NBP) growth of LIC in August 2024?
Which country is hosting the 20th Asian Women’s Handball Championship in December 2024?
Recently Lisa Sthalekar has become the first woman to be appointed as president of the Federation of International Cricketers’ Association (FICA). She...
Which of the following bacterial infections most commonly affects the lungs?
In which city did National Child Science Congress begin?
How much dividend did the State Bank of India pay to the government for the financial year 2023-24?
