No change in RBI policy on not issuing fresh proposals for new Urban Cooperative Banks

The number of Urban Cooperative Banks (UCBs) whose license was cancelled in the last three years are, 31 in 2009-10, 12 in 2010-11 and 14 in 2011-12. Reserve Bank of India (RBI), the licensing authority for UCBs announced in the Annual Policy Statement (2004-05) that no fresh proposals for new UCBs would be considered till… Read More

Tags: Minister of State for Finance, rbi, Reserve Bank of India, Urban Cooperative Banks