RBI announces 4-tiered regulatory framework for Urban Co-operative Banks

RBI announces 4-tiered regulatory framework for Urban Co-operative Banks

• By Staff Writer

Reserve Bank of India on Thursday announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs). UCBs having deposits up to ₹100 crore were categorised into Tier 1, while Tier 2 comprises UCBs with deposits over ₹100 crore and up to ₹1,000 crore. Tier 3 will cover banks with deposits over ₹1,000 crore and up to ₹10,000 crore.