RBI Notifies Master Circular on ‘Prudential Norms on Capital Adequacy – Primary (Urban) Cooperative Banks
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Circular No. RBI/2024-25/09 DOR.CAP.REC.5/09.18.201/2024-25, Dated: 01.04.2024
RBI has issued a master circular on ‘Prudential Norms on Capital Adequacy – Primary (Urban) Cooperative Banks (UCBs). This circular consolidates and updates all instructions/guidelines issued to banks up to 31.03.2024. Tier 1 UCBs operating in a single district must have a minimum net worth of Rs 2 crore and all other UCBs (of all tiers) must maintain a minimum net worth of Rs 5 crore. Further, UCBs that do not meet the minimum net worth requirement must achieve the same in a phased manner.
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