Tag: High Powered Committee

RBI seeks inputs on converting a UCB into a commercial bank

Newsroom24x7 Desk Mumbai: The High Powered Committee on Urban Co-operative Banks (UCBs) has recommended that the business size of Rs 20,000 crore may be the threshold limit beyond which a Urban Cooperative Bank (UCB) is expected to convert itself into a commercial bank. The conversion will not be de jure compulsory. However, the types of

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