{"id":28917,"date":"2018-10-24T15:45:44","date_gmt":"2018-10-24T10:15:44","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=28917"},"modified":"2018-10-24T15:45:44","modified_gmt":"2018-10-24T10:15:44","slug":"co-op-banks-can-become-small-finance-banks-says-rbi","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/co-op-banks-can-become-small-finance-banks-says-rbi\/","title":{"rendered":"Co-op banks can become small finance banks, says RBI"},"content":{"rendered":"

Co-op banks can become small finance banks, says RBI<\/strong><\/p>\n

News:<\/strong><\/p>\n

    \n
  1. The Reserve Bank of India in its recent monetary policy statements announced to allow urban co-operative banks (UCB) to convert into small finance banks (SFB).<\/li>\n<\/ol>\n

    Important Facts:<\/strong><\/p>\n

      \n
    1. The Reserve Bank of India has decided to allow voluntary transition of urban co-operative banks (UCB) into small finance banks (SFB).<\/li>\n
    2. UCBs had been facing financial trouble couple of years ago which led RBI to stop issuing fresh licenses to UCBs.<\/li>\n
    3. The monetary policy has noted that the performance of UCBs has improved recently while their numbers have come down due to mergers and closures.<\/li>\n
    4. UCBs currently face regulation by both the RBI and the respective State governments.<\/li>\n
    5. The conversion of UCBs into SFBs will allow them to be regulated only by the RBI.<\/li>\n
    6. The Reserve Bank of India has also allowed all banks to spread their mark-to-market losses for the April-June quarter<\/li>\n
    7. The Reserve Bank of India has decided to grant banks the option to spread the mark-to-market (MTM) losses on investments held in \u2018Available for Sale\u2019 and \u2018Held for trading\u2019 portfolio for the quarter ending June 30, 2018,<\/li>\n
    8. Rising bond yields have resulted in mark-to-market losses for banks because Bond yields and prices are inversely related.<\/li>\n<\/ol>\n

      10. Co-operative are the bank that holds deposits, makes loans and provides other financial services to cooperatives and member-owned organizations.<\/p>\n","protected":false},"excerpt":{"rendered":"

      Co-op banks can become small finance banks, says RBI News: The Reserve Bank of India in its recent monetary policy statements announced to allow urban co-operative banks (UCB) to convert into small finance banks (SFB). Important Facts: The Reserve Bank of India has decided to allow voluntary transition of urban co-operative banks (UCB) into small… Continue reading Co-op banks can become small finance banks, says RBI<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-28917","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704953082},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=28917"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28917\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=28917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=28917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=28917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}