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Aiming to strengthen 1,514 urban co-operative banks, the Reserve Bank has notified four key measures, including giving them two years more to meet the priority sector lending targets. In order to expand their business, UCBs can now open new branches up to 10 per cent (maximum 5 branches) of the number of branches in the previous financial year without prior approval of RBI in their approved area of operation. UCBs have to get the policy approved by their board and comply with the Financially Sound and Well Managed (FSWM) Norms. UCBs can also do One-Time Settlement at par with commercial banks.The RBI has decided to extend the timeline for UCBs to achieve Priority Sector Lending (PSL) targets by two years i.e. up to March 31, 2026.The deadline to achieve PSL target of 60 per cent, which was March 31, 2023, has also been extended to March 31, 2024. The excess deposits, if any, after clearing the shortfall of PSL during FY 2022-23 will also be refunded to the UCB.
The speed of a boat in still water is 26 km/hr. If the boat covers 75 km in upstream in 5 hours, then find the time taken by the boat to travel 111 km i...
A boat running downstream covers a distance of 55 km in 5 hrs and covering the same distance upstream in 11 hrs. What is the speed of a boat in still wa...
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A boat can cover 72 km upstream and 180 km downstream in 12 hours. Speed of the stream is how much less than the speed of the boat in still water if the...
A man can go on a motorboat with a speed of 18 km/hour in still water to a certain upstream point and return to the starting point in a river that flows...
The speed of a boat in still water is 7 km/hr and speed of current is 3 km/hr. If time taken to cover a certain distance upstream is 10 hours, then how ...
The downstream speed of a boat is 48 km/hr, while its upstream speed is 32 km/hr. The boat takes 10 hours to travel a distance of (p + 40) km downstream...
A boy can swim in water with a speed of 16 km/hr in still water. If the speed of the stream is 9 km/hr, what will be the time taken by the boy to cover ...
A Boy can swim 12 km/hr in still water. If the velocity of the stream is 6 km/hr, the time taken by him to swim a place 28 km upstream and back is