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The Economic Times

Global Business / The Economic Times

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RBI proposes resuming UCB licensing, overhaul of rural bank rules at MPC

The Reserve Bank of India will resume licensing for urban cooperative banks. A comprehensive review of credit monitoring for rural cooperative banks is also planned. The central bank proposed standardizing lending rate frameworks for all regulated entities. This move aims to enhance transparency and strengthen consumer protection measures. Global risks like the West Asia conflict continue to impact India's economic outlook.

5 Aug 2026 10:31 am