RBI revises criteria for determining Financially Sound and Well Managed status for Primary UCBs
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- Last Updated on 3 December, 2022
Circular No. RBI/2022-23/143 DOR.REG.No.85/07.01.000/2022-23, Dated 01.12.2022
The RBI has revised the criteria for determining the Financially Sound and Well Managed status of Urban Co-operative Banks (UCBs). Some of the revised criteria are – (a) CRAR shall be at least 1% point above the minimum CRAR applicable to a UCB as on the reference date, (b) Net NPA of not more than 3%, (c) no default in the maintenance of CRR / SLR during the preceding financial year, etc. The circular shall apply with immediate effect.
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