RBI to re-start issuing fresh licences for setting up Urban Co-op Banks
BusinessLine 4 hrs ago·5 Aug 2026, 3:27 pm
The Reserve Bank of India (RBI) has announced plans to start issuing new licenses for setting up Urban Co-operative Banks. This move is expected to boost the co-operative banking sector.
The eligibility criteria for applying include being a multi-state Credit Co-operative Society with at least 10 years of operation and meeting specific financial requirements.
Investors should watch for the impact of this development on the broader financial sector and the potential for increased competition in the banking industry.
Key takeaways
- Category: Economy.
- Flagged as a high-impact, market-moving story.
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