Question
What is one of the criteria for Urban Co-operative Banks
(UCBs) to be considered for inclusion in the Second Schedule to the Reserve Bank of India Act, 1934?Solution
One of the criteria for UCBs to be considered for inclusion in the Second Schedule to the Reserve Bank of India Act, 1934, is to have a CRAR of at least 3 per cent more than the minimum CRAR requirement applicable to the UCB, as per the Circular on Second Schedule to the Reserve Bank of India Act, 1934 – Norms for inclusion.
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