RBI to amend regulatory Guidelines for UCBs

Published on December 06, 2019
Current context: The Reserve Bank of India has announced that it is mulling to amend regulatory guidelines for primary Urban Co-operative Banks (UCBs).
RBI to amend regulatory Guidelines for UCBs
  • The guidelines would primarily relate to Exposure norms for single and group/interconnected borrower, promotion of financial inclusion and priority sector lending.
  • A Decision regarding a comprehensive cyber-security framework for the UCBs has been taken to bring the UCBs at par with commercial banks in addressing cyber-security threats through implementation of progressively stronger security measures, like:
    1. The implementation of bank-specific email domain
    2. Periodic security assessment of public-facing websites/applications
    3. Strengthening the cyber-security incident reporting mechanism
    4. Governance framework along with setting up of Security Operations Centre.
  • RBI has also decided to bring UCBs with assets of 500 crore rupees and above under the Central Repository of Information on Large Credits - CRILC reporting framework to strengthen off-site supervision and early recognition of financial distress.

Question: 

Q.1 RBI has recently announced that is has decided to bring Urban Co-operative Banks (UCBs) with assets of _________ and above under the Central Repository of Information on Large Credits - CRILC reporting framework?
a. Rs 100 crore
b. Rs 200 crore
c. Rs 400 crore
d. Rs 500 crore

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