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.
‘DESERT CYCLONE’ exercise held in Rajasthan is a Joint Military Exercise between India and ________________ .
Prime Minister Narendra Modi has unveiled a 125-feet tall bronze statue of 'Ahom General' Lachit Borphukan in Jorhat, Assam. What is the name of this st...
The General Theory of Employment, Interest, and Money was authored by:
The Union Cabinet cleared a new Income Tax Bill in 2025, aiming to reduce sections by:
Identify the correct statements about crop insurance schemes:
1. PMFBY compensates for unforeseen conditions affecting crops.
2. RWBCIS co...
Where was the final of the ACC Men’s T20 Emerging Teams Asia Cup 2024 held?
Who won the 2025 Laureus World Breakthrough of the Year Award?