For the longest time, urban co operative banks weren't fully regulated by the r b i. The government decided that it would be best to put arbia in charge of most functions. A committee has finally submitted its findings in a detailed report. They believe it's best to impose different regulatory restrictions depending on the scale and scope of the usib in question.
In today's episode for 30th August 2021, we talk about how the RBI is trying to fix the urban cooperative banking system in this country.
The link to the full report we mentioned in this episode - https://rbidocs.rbi.org.in/rdocs//PublicationReport/Pdfs/EXPERTCOMMITTEEUCBS4CC84D84A3E64484B7ADD2D1DCB11D3D.PDF