management-co-operatives

Investment of Funds RBI has decided to prohibit parking of urban co-operative banks (UCBs) deposits with other UCBs, except for maintaining balances in current accounts for meeting their clearing and remittance requirements. UCBs should, therefore, not place any fresh deposits with other UCBs...

Classification of UCBs One of the most important requirements for the resilience of a financial system relates to its ability to identify early warning signals on the financial health of the constituent financial institutions. Once the weakness is identified, prompt corrective action needs...

Extension Counters RBI has revised the existing policy for opening of extension counters by UCBs. Eligibility norms : An UCB, which desires to open extension counters, should comply with the following norms; Licensed urban co-operative banks which are not classified as weak / sick, are...

Extension of Area of operation The policy regarding area of operation of UCBs has also been revised. To the adjoining districts With a view to giving more operational freedom to UCBs in regard to area of operation, it has been decided to allow new as well as existing urban co-operative banks...