RBI comes out with four-tiered regulatory framework for urban cooperative banks

Updated: Dec 1 2022 9:46PM

Mumbai, Dec 1 (PTI) The Reserve Bank of India (RBI) on Thursday announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs), Besides, the central bank has come out with norms pertaining to the net worth and capital adequacy of these banks.

The four-tiered regulatory framework, based on size of deposits of the UCBs, will come into force with immediate effect.

The extant regulatory framework classifies UCBs into two tiers -- Tier I and Tier II.