Get Started with ixamBee
Start learning 50% faster. Sign in now
The Reserve Bank of India (RBI) prescribed a four-tier regulatory structure for urban cooperative banks (UCBs). The regulator has stipulated a minimum net worth of ₹2 crore for tier one UCBs operating in a single district and ₹5 crore for all other UCBs of all tiers. RBI also retained the minimum capital adequacy ratio requirement for tier one banks at the present level of 9%. For urban cooperative banks of all other tiers, while retaining the current capital adequacy framework, RBI said it has decided to revise the minimum capital adequacy ratio to 12% to strengthen their capital structure. In February 2021, RBI constituted the committee headed by former deputy governor N S Vishwanathan to examine issues in the urban cooperative banking sector, provide a medium-term road map and suggest measures for faster resolution of UCBs, among others. RBI Headquarters: Mumbai Governor: Shaktikanta Das 4 Deputy Governors: T. Rabi Sankar,MK Jain, MD Patra, M Rajeshwar Rao Co-operative Banks, which are distinct from commercial banks, were born out of the concept of co-operative credit societies where members from a community group together to extend loans to each other, at favourable terms. Co-operative Banks are broadly classified into Urban and Rural co-operative banks based on their region of operation. Capital to Risk (Weighted) Assets Ratio (CRAR) is also known as Capital adequacy Ratio, the ratio of a bank's capital to its risk. The RBI tracks a bank's CAR to ensure that the bank can absorb a reasonable amount of loss and complies with statutory Capital requirements.
Which of the following country is not considered as the member of Dialogue Partners” of Shanghai Cooperation Organization?
The process in which certain types of assets are pooled so that they can be repackaged into interest-bearing securities is called:
In the PPF (Public Provident Fund) Scheme the amount gets locked in for a period of 15 years but if one has to withdraw it before the maturity then the ...
Recently which of the folloiwng private sector insurance firm launched first-of-its-kind insurance solution, the technology backed farm yield insurance ...
Over 75 Districts in the country the Prime Minister has dedicated 75 DBU’s for more financial inclusion and availability of banking services nationall...
Full form of CERSAI is:
Which private sector bank has launched foreign outward remittance service through mobile banking, after this Non-resident external and resident savings ...
A new health insurance plan launched by the insurance market dominant LIC of India naming ________.
What percentage did Indian startup funding decrease by in 2023 compared to 2022, according to data from Tracxn?
Operating risk is most likely to increase as a result of:
