RBI panel recommends conversion of UCBs into regular banks
.jpg)
MUMBAI: A Reserve Bank of India panel has recommended conversion of Urban Cooperative Banks (UCBs), which have a revenue of more than Rs 20,000 crores into regular banks.
The recommendation has been made with the objective of allowing UCBs to grow and proliferate further for financial inclusion.
A high powered committee report on UCBs headed by RBI deputy governor R Gandhi, has however clarified that the conversion will not be compulsory for large UCBs and they can continue the way they operate currently in terms of balance sheet or asset size.
.webp)
.webp)
.webp)
.webp)
.webp)
.webp)
.webp)
.webp)
.webp)
.webp)





