2022
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Question
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3
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4
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2
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5
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Detailed explanation-1: -Based on the recommendations of the Expert Committee, RBI had released the Revised Regulatory Framework for Urban Co-operative Banks (UCBs) on July 19, 2022. 3. Accordingly, it has been decided to adopt a four-tiered regulatory framework, as against the existing two-tiered framework, for categorization of UCBs.
Detailed explanation-2: -Tier 3 - UCBs with deposits more than ₹1000 crore and up to ₹10,000 crore; Tier 4 - UCBs with deposits more than ₹10,000 crore.
Detailed explanation-3: -(i) NABARD. (ii) State Cooperative Banks. (iii) Central Cooperative Banks. (iv) District Central Cooperative Banks.
Detailed explanation-4: -In Tier 2, it has placed UCBs with deposits more than Rs 100 crore and up to Rs 1,000 crore. Tier 3 will cover banks with deposits more than Rs 1,000 crore and up to Rs 10,000 crore. UCBs with deposits more than Rs 10,000 crore have been categorised in Tier 4.
Detailed explanation-5: -Tier 1: UCB are those banks having deposits up to Rs 100 crore operating in a single district or having branches in contiguous districts. Tier 2: UCBs with deposits more than Rs. 100 crore and up to Rs. 1000 crore.