Current Affairs · Banking and Finance
What major reform did the Reserve Bank of India (RBI) propose regarding the Net Worth requirement for Urban Cooperative Banks (UCBs)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Allowing 100% foreign investment in UCBs
- 2Permitting UCBs to issue credit cards without restrictions
- 3Raising the Net Worth requirement to ₹5 crore / ₹2 crore✓
- 4Allowing UCBs to act as Payment Banks
Correct answer
Raising the Net Worth requirement to ₹5 crore / ₹2 crore
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