RBI · Banking Regulation
RBI tightens reserve rules for urban co-operative banks
The central bank issued the third amendment to CRR and SLR directions for urban co-operative banks.
What changed
- Cash Reserve Ratio norms revised for UCBs
- Statutory Liquidity Ratio requirements updated
The read
RBI amended reserve requirements. Urban co-operative banks must now comply with updated CRR and SLR norms under the third revision this year, a move that reinforces regulatory oversight of the sector. The exact ratios remain unspecified in the circular.
Primary source: rbi.org.in