Draft norms for small banks fail to cheer urban co-op banks

............any scheduled urban banks are raring to convert themselves into universal commercial banks. In fact, they are awaiting for a word from the banking regulator about the framework for conversion and the road ahead. Large banks such as Saraswat Bank and Shamrao Vithal Cooperative Bank have been preparing themselves for such an eventuality. Recently, Shamrao Vithal changed its logo to position itself as a savvy bank ready for competition. Its board of directors has informally discussed plans to convert to a private commercial bank.............

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