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The Times of India

Business

PTI

Urban co-operative banks to have 4-tiered regulatory framework: RBI

RBI UCBs UCB Mumbai

MUMBAI: The RBI on Tuesday said it has decided to adopt a simple four-tiered regulatory framework for urban co-operative banks (UCBs) based on size of deposits, with an aim to strengthen their financial soundness.

An expert committee, headed by former RBI deputy governor N S Vishwanathan, had made a host of recommendations for strengthening the UCBs.

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