Finance
Mr. BillionhairRBI's Malhotra: Urban Co-op Banks Must Get Their Act Together!
Big news, folks! RBI's Sanjay Malhotra just had a massive meeting with the best of the urban co-op banks. We're talking governance so solid, it could build a skyscraper! UCBs better get their act together, or they’re out! And guess what? Licenses are coming back—huge win for everyone! Get ready for the biggest comeback in banking history!
few days ago | Aathira Varier
Quick rundown
1.RBI emphasizes governance in urban co-operative banks.
2.Meeting focused on improving asset quality and customer trust.
3.UCBs play a crucial role in financial inclusion.
4.RBI plans to resume licensing UCBs after a long pause.
5.Governor confident in policy initiatives strengthening the sector.
