Page 6 - Urban Cooperative Banks

PMC Bank scam: Ex-director sent in police custody till October 22

The court also remanded the bank's former managing director Joy Thomas in 14-day judicial custody, after his police remand ended on Thursday

Letter to BS: Dual regulation of urban cooperative banks must end

It is time the interests of depositors, who are often pensioners, salaried persons and small businessmen, are rigorously protected

How to fix the PMC Bank crisis

What we need is a simple principle to be applied here: All deposit-taking organisations should come under the sole supervision of the RBI

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

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

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

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

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

Improve governance practices to regain public confidence: RBI tells UCBs

RBI has taken several measures to restore public confidence in urban cooperative banks (UCBs)

RBI allows urban cooperative banks to transition into Small Finance Banks

Large multi-state UCBs also allowed to become companies