RBI to resume urban cooperative bank licensing process after two decades
· economictimes.indiatimes.com
The Reserve Bank of India will resume issuing new licenses for urban cooperative banks. This process has been paused for over two decades due to past financial instability. Draft guidelines for resuming UCB licensing have now been issued by the central bank. The operating environment for these banks has significantly transformed since 2004. This move follows extensive feedback on a discussion paper concerning UCB licensing.
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