Classification criteria revised for urban co-op banks

The Reserve Bank of India has revised the criteria for classification of urban co-operative banks (UCBs) as Financially Sound and Well Managed. Among others, the new criteria, which require maintenance of a minimum capital to risk weighted assets ratio (CRAR) of 10 per cent on a continuous basis, would henceforth be considered for processing applications received from UCBs for branch authorisation.........

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