Page 6 - Urban Cooperative Banks
Letter to BS: Keeping PMC Bank crisis in mind, don't let Kerala Bank fail
In all probability, it will be the biggest cooperative bank in India and soon get categorised under the "too big to fail" category
 "Letter to BS: Keeping PMC Bank crisis in mind, don't let Kerala Bank fail")
PMC crisis calls for board of management in urban cooperative banks
The idea - seconded by the R Gandhi committee on UCBs in 2015 - behind this was to cut through the legal bureaucracy and tap dance around dual regulation
 "PMC crisis calls for board of management in urban cooperative banks")
Best of BS Opinion: PMC Bank crisis, stressed financial firms, and more
The lead edit explains why the 25 basis point cut in the policy rate is an appropriate call
 "Best of BS Opinion: PMC Bank crisis, stressed financial firms, and more")
Financial sector stability & our cook Lilu-tai
PMC Bank cannot create systemic instability but the triumvirate of banks/UCBs, shadow banks and realty firms can play havoc with the Indian financial system
 "Financial sector stability & our cook Lilu-tai")
Caught in the headlights: Here's a look at three big rip-offs in UCBs
Weak governance, poor internal controls, political interference and dual regulation by state governments and the Reserve Bank of India - just about everything which can go wrong at UCBs
 "Caught in the headlights: Here's a look at three big rip-offs in UCBs")
Improve governance practices to regain public confidence: RBI tells UCBs
RBI has taken several measures to restore public confidence in urban cooperative banks (UCBs)
 "Improve governance practices to regain public confidence: RBI tells UCBs")
RBI allows urban cooperative banks to transition into Small Finance Banks
Large multi-state UCBs also allowed to become companies
 "RBI allows urban cooperative banks to transition into Small Finance Banks")