....in fact UCBs need to be given some kind of support, relaxations. Facilities available to commercial banks such as refinance facility, interest subsidies on various loans such as housing, educational, SME etc. need to be given to UCBs also. Instead they are made to follow international prudential norms, fulfil the various ideal parameters without considering their size, category, area of operation and in case of failing to comply these norms, various restrictions are imposed by RBI on their branch opening, dividend distribution, lending operations. Various such issues affecting UCBs are forwarded to RBI from time to time for taking policy decisions. However slow moving approach adopted by RBI for resolving these issues act as a hindrance in the growth and development of UCBs.......
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