.......According to the RBI notification, UCBs with deposits not less than Rs 750 crore on a continuous basis for one year, a minimum capital adequacy ratio of 12%, and continuous net profit for the previous three years will be eligible to apply for scheduled bank status. Such banks should have gross non-performing assets (NPAs) of 5% or less and need to be in compliance with the mandatory cash reserve requirements stipulated by RBI. Besides, such lenders should not have any major regulatory and supervisory issues..........
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