August 5, 2026 3:46 PM
RBI to resume ‘on-tap’ licensing of urban co-operative banks, review lending rate framework
The Reserve Bank of India (RBI) on Wednesday announced a series of regulatory measures, including the resumption of 'on-tap' licensing for Urban Co-operative Banks (UCBs), a review of concentration risk norms for Rural Co-operative Banks (RCBs), and plans to rationalise the framework governing interest rates on advances. The measures were announced in the RBI's Statement on Developmental and Regulatory Policies, released alongside the Monetary Policy Committee's (MPC) policy decision. The cent...