RBI announces four-tiered regulatory framework and other changes for urban co-op banks

​Set up in February 2021, the panel was designed to examine issues in the urban co-operative banking sector and provide a medium term road map. Headed by former RBI Deputy Governor, N. S. Vishwanathan, the panel recommended a four-tiered regulatory framework based on size of deposits of the banks and their area of operations.

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