According to norms, investments in non-SLR (statutory liquidity ratio) securities by primary (urban) cooperative banks is to be limited to 10 per cent of a bank’s total deposits as on March 31 of the previous year. Furthermore, the norms mandate that investments in unlisted securities should not exceed ten per cent of the total non-SLR investments at any time.
The banking regulator has exempted the UCBs from both the norms.
In June 2019, the RBI had approved the National Federation of Urban Co-operative Banks and Credit Societies for the formation of umbrella organisation for UCBs. The approval allowed UCBs to subscribe to the capital of the umbrella organisation on a voluntary basis.
 "RBI, Reserve Bank of India")