Page 5 - Urban Cooperative Banks

Mamata urges PM to withdraw RBI's supervisory role over state co-op banks

The RBI was thus far overseeing the banks' capital adequacy, risk control and lending norms, while management responsibilities were entrusted to the Registrar of Cooperative Societies of the state

Just the first step

Co-operative banks need intervention at multiple levels

Urban co-operative banks seek guarantee cover for their MSME borrowers

UCBs' outstanding loans to MSMEs amount to Rs 82,000 crore

It may be time to change the way UCBs and NBFCs raise retail deposits

It may be time to link the higher deposit insurance cover and the way co-operative banks and select non-banks raise retail resources, writes Raghu Mohan

The hunt for directors' special: Tough for UCBs to form board of management

Senior officials in UCBs say the central bank has not been practical in its approach

SC stays Bombay HC order to sell HDIL assets and repay PMC bank dues

A bench comprising Chief Justice S A Bobe and justices B R Gavai and Surya Kant took note of the appeal of the Reserve Bank of India against the Bombay High Court order

UCBs reported nearly 1,000 frauds worth Rs 220 cr in past five fiscals: RBI

Responding to an RTI query, the central bank said a total of 181 fraud cases involving Rs 127.7 crore were noticed during 2018-19

RBI revises norms for faster resolution of Urban Co-op Banks' bad assets

The move comes in the backdrop of the scam in Punjab and Maharashtra Cooperative (PMC) Bank causing distress to over 9 lakh depositors

RBI says UCBs with deposits of over Rs 100 cr should be run professionally

These UCBs must obtain prior approval of the RBI for appointing the CEO

Third-party ATM switch ASPs to comply with cybersecurity controls: RBI

The RBI-regulated entities have to amend their contracts at the earliest or at the time of renewal, in any case not later than March 31, 2020

RBI asks UCBs with deposits of over Rs 100 cr to form Board of Management

The BoM will be constituted by the Board of Directors (BoD) of the UCBs concerned within one year, the RBI said

RBI wants urban cooperative banks to focus mainly on priority sector

UCBs' target for priority-sector lending has been proposed at 75 per cent of their credit from 40 per cent now

UCBs need to address weak governance, slow tech adoption, says RBI report

The sector faces increasing competition from not only scheduled commercial banks (SCBs) but also from small finance banks and payments banks.

RBI considers extending bank-like vigil on NBFCs, cooperative banks

These entities will have to reveal divergence in provisioning during auditing

What happens when a co-op bank comes under banking act?

The only conversion to date of an urban co-operative bank into a commercial bank is DCB Bank in 1996, which was however not a forced one

Managing urban co-op banks

Changing the regulatory structure alone won't be enough

Co-op banks may come under banking act, forced conversion not ruled out

In the revised scheme, the inspection of the UCBs solely under the Banking Regulation Act will be done by the central bank

RBI monetary policy review: Client exposure norms for UCBs to be tightened

The RBI said it would amend the guidelines for UCBs to reduce concentration risk in exposures

Urban cooperative banks' business size may be capped at Rs 20,000 cr

R Gandhi and Y H Malegam report to be the bedrock of new guidelines

Lack of ICA to hit PMC Bank's HDIL exposure

It is not clear as to where PMC Bank stands in the pecking order for recovery of its dues from HDIL, worth Rs 6,500 crore