UCBs with PMC Deposits must be given time for provisioning, NGO writes to FinMin

NGO Sahakar Bharti has written to the Finance Minister, urging the government to amend the Banking Regulation Act to provide full regulatory powers to Reserve Bank of India to regulate all UCBs — scheduled as non-scheduled banks.

from Banking/Finance-Industry-Economic Times https://ift.tt/2OVieUw