In discussions on banking licences, one rather ignored area is that of urban cooperative banks (UCBs). This has remained somewhat below the radar. However, it appears that there might be some action in this space if the Reserve Bank of India (RBI) considers issuing licences for new urban co-operative banks in the near future. A recent report submitted by an expert committee of RBI, led by Y.H. Malegam, lays down some of the principles for issuing new licences.......
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