RBI panel moots liberal norms to strengthen, scale up UCBs

The committee headed by former deputy governor N S Vishwanathan, suggesting a four tiered structure based on the size of deposits recommends setting up of an Umbrella Organisation with a minimum capital of Rs 300 crore to help smaller co-operative to acquire scale and help with capital and liquidity support whenever needed.

from Markets-Economic Times https://ift.tt/3B7Vs0o