RBI proposes changes in fund raising norms of urban co-operative banks
The RBI has proposed that any refund of share capital to members, or their nominees, should be subject to the certain conditions -- the bank's capital adequacy ratio is 9 per cent or above, both as per the latest audited financial statements and the last CRAR as assessed by the RBI during statutory inspection.
RBI proposes changes in fund raising norms of urban co-operative banks. Image: IANS