Govt, RBI roll out measures to improve health, governance of cooperative banks: MoS Finance
Govt, RBI roll out measures to improve health, governance of cooperative banks: MoS Finance is drawing significant interest across the industry.
As part of efforts to support business expansion, Urban Cooperative Banks (UCBs) have been permitted to open new branches, enabling wider outreach and improved customer access. In a move aimed at boosting credit flow, the permissible housing loan exposure of UCBs has been raised to 25 per cent of their total loans and advances, from the earlier limit of 10 per cent.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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