The upcoming changes will bring the curtains down on the vexed issue of control of UCBs, that has been .

Earlier, remain a multi-state cooperative that is urban or it was around the banks to decide whether they wanted conversion.

This implies, over a certain threshold — and the UCBs — largely multi-state in character might don’t have any option except to convert into a commercial bank over a period of time.

The two types of urban co-operative banks may get pay from the Deposit Insurance and Credit Guarantee Corporation.

Leave a Reply

Your email address will not be published. Required fields are marked *