Commercial Banks

RBI Unveils New Corrective Action Framework for Urban Cooperative Banks, Effective April 2025

The Reserve Bank of India (RBI) has introduced a new corrective action framework for primary Urban Cooperative Banks (UCBs), effective April 1, 2025. This framework will replace the previous supervisory action framework, last updated in January 2020. The new framework is designed as an early intervention tool for UCBs facing...