January 07, 2020

Shivalik first UCB to convert into SFB

Shivalik Mercantile Co-operative Bank Limited has become the first urban cooperative bank (UCB) that has been granted 'in-principle' permission to convert into a small finance bank by the Reserve Bank of India (RBI).
The move comes after the RBI had announced a scheme on voluntary transition of UCB into a SFB on September 27, 2018.
The 'in-principle' approval will be valid for 18 months, within which Shivalik Mercantile Co-operative Bank had to comply with the norms of a SFB. 

No comments:

Post a Comment

Bank Po/Clerk Practice Link OR Resources ( Top resources)

(1) TestZone(SmartKeeda.com) , www. AspirantsZone . (2)Www. AffairscloudZone .  (3)www. bankersaddazone .  (4)www. testbookzone .  (5)www. ...