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In August 2021, an RBI committee under whom has proposed a four-tier structure for urban cooperative banks?

In August 2021, an RBI committee under whom has proposed a four-tier structure for urban cooperative banks? Correct Answer N.S. Vishwanathan

The correct answer is N.S. Vishwanathan.

  • An RBI committee under the chairmanship of former RBI deputy governor N.S. Vishwanathan has proposed a four-tier structure for urban cooperative banks.
  • In its report released on 23 August 2021, the committee said tier-3 urban cooperative banks with deposits of ₹1,000 crores to ₹10,000 crores must function like SFBs (Small Finance Banking) if they meet a capital adequacy ratio of 15%. 
  • The urban cooperative banks will have operational freedom for branch expansion and authorized dealer license on a par with universal banks.
  • RBI:
    • Governor - Shaktikanta Das.
    • Headquarters - Mumbai.
    • Founded: 1 April 1935, Kolkata.

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