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RBI revises supervisory framework for urban co-operative banks

The Reserve Bank of India (RBI) on Thursday revised the supervisory action framework for urban co-operative banks, saying in case of financial woes, banks must be the first to take corrective steps. Earlier, RBI had initiated action against ailing urban co-operative banks, based on its assessment of their financial positions. The central bank said an urban co-operative bank's management should initiate corrective action if its capital adequacy ratio fell below nine per cent. "The corrective action should include measures for augmenting capital, close monitoring of NPAs (non-performing ...