Urban Cooperative Banks

PMC Bank impact: RBI revises norms for urban cooperative banks; to place them under supervision if net NPAs exceed 6%

Following the exposure of scam in the PMC Bank, which has over 9.15 lakh depositors, the RBI imposed restrictions on withdrawals.

PMC Bank crisis: RBI had recommended removal of chairman Waryam Singh in 2018, says report

According to the source, of the Rs 8,880-crore loan book (as of 19 September 2019) that PMC Bank had, more than Rs 6,500 crore or over 73 percent of the assets are with the bankrupt HDIL group only.

RBI decides to raise criteria for 'bulk deposits' for banks to Rs 2 crore from current Rs 1 crore

RBI also proposed that banks would maintain their bulk deposit interest rate cards in the core banking system for supervisory review

RBI deputy governor N S Vishwanathan says urban cooperative banks can corporatise and transform into small finance banks

The RBI has received demand from some quarters to allow this conversion