RBI Rolls Out Exciting New Rules for Urban Co-operative Banks

The RBI is back in action with exciting news! They're rolling out new rules for urban co-operative banks (UCBs) that let credit societies with at least ₹10,000 crore in deposits apply to become UCBs. After 22 years of waiting, this is a game-changer! But don’t get too excited—there are strict criteria to meet, including a solid business plan and a fitness test for directors.