RBI issued the Revised Regulatory Framework for UCBs
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- Last Updated on 1 April, 2023
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Circular No. RBI/2022-23/189 DOR.CAP.REC. No.109/09.18.201/2022-23, dated 28.03.2023
Earlier, RBI via circular no. dated December 01, 2022 issued the ‘Revised Regulatory Framework for Urban Co-operative Banks (UCBs) – Net Worth and Capital Adequacy. As per the framework, Tier 1 UCBs operating in a single district shall have a minimum net worth of ?2 crores whereas all other UCBs (of all tiers) shall have a minimum net worth of ?5 crores. The applicability of the same was from April 1, 2023. Now, the RBI has decided that the instructions shall be effective from March 31, 2023.
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