Urban co-op banks may be next in line for licences

.................RBI had in 2012 taken a step forward to give licences to urban cooperative entities, but private entities were somehow given priority. Only a few days ago, the RBI gave permission to two entities — IDFC and Bandhan Financial Services. Earlier,  the Malegam Committee too had suggested that UCBs play a useful role and there is need for a greater presence of UCBs in unbanked districts and centres with populations of less than 5 lakh people...............

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