Current context: The Reserve Bank of India has announced that it is mulling to amend regulatory guidelines for primary Urban Co-operative Banks (UCBs).
a. Rs 100 crore
b. Rs 200 crore
c. Rs 400 crore
d. Rs 500 crore
- 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:
- The implementation of bank-specific email domain
- Periodic security assessment of public-facing websites/applications
- Strengthening the cyber-security incident reporting mechanism
- 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