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RBI Revises Norms for Urban Co-operative Banks
Hindustan Times Thane
|February 25, 2025
Move Comes After the RBI Superseded the Board of New India Co-op Bank and Imposed Restrictions on It
MUMBAI: Weeks after it superseded the board of and imposed restrictions on New India Co-operative Bank, the central bank has revised some lending norms for urban co-operative banks (UCBs), including expanding the definition of small-value loans, hiking real estate exposure limits and provisioning requirements for investment in security receipts (SRs).
This story is from the February 25, 2025 edition of Hindustan Times Thane.
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