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RBI announced to Setup Committee for Urban Co-operative Banks

Published on February 07, 2021
Current Context: The Reserve Bank of India (RBI) announced to set up an expert committee on Urban Co-operative Banks (UCBs).
RBI announced to Setup Committee for Urban Co-Operative Banks
  • The committee will be comprised of stakeholders who will help in framing the roadmap to strengthen the UCBs sector.
  • The committee will also be responsible to enable faster resolution and rehabilitation of UCBs.
  • An expert committee will also undergo a process of examination of UCBs.
  • The committee will be set up under provisions of the Banking Regulation (Amendment) Act, 2020.
  • The act became applicable to the Primary or the Urban Co-operative Banks (UCBs) from 26th June 2020.
  • Static Part: 
    • HQ of RBI: Mumbai
    • Governor of RBI: Shaktikanta Das

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