Report of the Expert Committee on Licensing New Urban Co-operative Banks
Published By: RBI on eSS | Published Date: August, 13 , 2011With a view to increasing the coverage of banking services amongst local communities, it was proposed in the Annual Policy Statement for the year 2010-11 to set up a Committee comprising of all stakeholders for studying the advisability of granting new urban co-operative banking licences under Section 22 of the Banking Regulation Act, 1949 (AACS). In the Second Quarter Review of Monetary Policy 2010-11, the Committee was advised to look into the feasibility of an umbrella organisation for the Urban Co-operative Banks (UCB) sector. URL:[http://rbidocs.rbi.org.in/rdocs/PublicationReport/Pdfs/MFR120911RF.pdf].
Author(s): Reserve Bank of India RBI | Posted on: Sep 15, 2011 | Views(1134) | Download (2024)