Neutral impactSector
Governor Malhotra says RBI to issue draft guidelines for licensing of Urban Co-operative Banks, reviving entry after 20 years
Economic Times 2 hrs ago·5 Aug 2026, 5:28 am
As part of the additional measures announced alongside the August monetary policy, Governor Sanjay Malhotra said, "On the basis of the feedback received on the discussion paper on licensing, we are now issuing draft guidelines for resuming licensing of the urban cooperative banks." The RBI had floated a discussion paper on January 13, 2026, seeking stakeholder comments on whether fresh UCB licensing should resume after remaining on hold since 2004.
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