ucbs in A Sentence

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    Ucbs may extend loans to housing boards within their States.

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    2

    This would bring these Ucbs completely under the control of the RBI.

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    3

    Crores minimum capital except for such small finance banks which are converted from Urban Co-operative Banks(Ucbs).

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    4

    Keeping in view the growth in business of the Ucbs over the years, it is proposed:.

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    5

    On account of their local feel and familiarity, Ucbs are important for achieving greater financial inclusion.

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    6

    Currently, scheduled commercial banks, primary dealers and certain well-managed Urban Cooperative Banks(Ucbs) are permitted to undertake short sale transactions.

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    7

    Reserve Bank of India had released draft guidelines on constituting BoM in Ucbs on June 25, 2018 inviting comments from banks and other stakeholders.

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    8

    Ucbs with a deposit size less than ₹100 crore and Salary Earners' Banks are exempted from constituting BoM although they are encouraged to do so voluntarily.

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    9

    With effect from June 26, 2012 it has been decided that Ucbs will not be permitted to charge foreclosure charges/ prepayment penalties in home loans on floating interest rate basis.

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    10

    It has been decided to prescribe standards and benchmarks for CBS in Ucbs and provide financial assistance and technical support through the Institute for Development and Research in Banking Technology(IDRBT).

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    11

    In the co-operative banking arena, the consolidated balance sheet of Urban Co-operative Banks(Ucbs) expanded in 2018-19 on account of robust deposit growth, although, a fall in interest income adversely affected their profitability;

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    12

    With effect from March 1, 1966, Ucbs have been brought under the ambit of the provisions of the Banking Regulation Act, 1949 as the growing presence of co-operatives in the system necessitated better and efficient monitoring.

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    13

    Therefore, with a view to enabling the Ucbs to play a more positive role in providing finance for housing schemes, particularly to the weaker sections of the community, these banks are permitted to grant loans for housing schemes up to certain limits from their own resources subject to the guidelines detailed hereunder.

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    14

    In the co-operative banking arena, the consolidated balance sheet of Urban Co-operative Banks(Ucbs) expanded in 2018-19 on account of robust deposit growth, although, a fall in interest income adversely affected their profitability and among rural co-operatives, the financial health of state co-operative banks and district central co-operative banks weakened with an increase in the non-performing assets and slowdown in profitability.

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