Urban Co-op Banks in Better Health

Urban co-operative banks have received a certificate of good behaviour from the central bank as most of them qualify to be in the safe category. According to the new classification, at end-March 2013 around 67% of the urban co-operative banks, or UCBs, were assigned A and B rating, up from 61% as at end-March 2012, the Reserve Bank’s latest Trend and Progress in Banking released on Thursday noted. These banks accounted for 85% of the banking business, up from 78% as at end-March 2012 of the total banking business (deposits plus advances) of the urban co-operative banks. There was a perceptible improvement.............

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