RBI mulling to amend regulatory guidelines for UCBs

The Reserve Bank of India today said that it is mulling to amend regulatory guidelines for primary Urban Co-operative Banks - UCBs. Speaking to reporters in Mumbai today, RBI Governor Shaktikanta Das said, the guidelines would primarily relate to exposure norms for single and group/interconnected borrowers, promotion of financial inclusion and priority sector lending. He said, these measures are expected to strengthen the resilience and sustainability of UCBs and protect the interest of deposito...