Testwale Logo


How long will it take for my account to be activated once the payment is made?

Once the payment is made, your account will be activated right away.

Pages are not loading properly.

Try checking your internet connection or restart your phone. If the problem still persists, take a screenshot and send us at [email protected], we will look into it.

How can I reset my password?

For the users registered with their mobile number, follow the following steps for resetting your password: 1. You need to enter your mobile number on the log-in page. 2. Click "Forget Password", to get an OTP on your registered number. 3. Using the OTP received on your number, you can now reset your password.

Pages are not loading properly.

Try checking your internet connection or restart your phone. If the problem still persists, take a screenshot and send us at [email protected], we will look into it.

How can I change the language of the article and quizzes?

We have a "Change Language" option in Test Series and Daily Quizzes. If you want the content (test and quiz) in Hindi/English language, go to Settings -> Change Language, to change your default language from Hindi to English or Vice-Versa.

I am unable to make payment for the pass.

In case of failure of a transaction before the amount deduction, we advise the student to try making the payment again. In case of transaction failure after amount deduction either access to the purchased product will be provided within few hours or we request the student to wait for 3 to 4 working days. The money will be credited back to his/her account.

I have made the payment but the tests are not unlocked.

Although rare, if so: You can directly mail us at [email protected] and we will resolve your issue.

What are all the payment methods allowed to buy a plan?

You can pay using: Credit Card/ Debit Card or Through: UPI and Netbanking.

What happens if I get disconnected during a test?

Don't worry! We auto-pause your test so, you can resume the test where you left. The test can also be manually paused by clicking on the "Pause" icon on the top left corner inside the timer circle. Please note: This function is not available in a Live Test.

What are the benefits of the subscription?

Here you will get access to test series and quizzes by top Educators. This will evaluate your learning and measure your progress.

  • Home
  • Current Affairs
  • DAILY CURRENT AFFAIRS:RBI releases the draft norm for the Urban Co-Operative Banks in India

RBI releases the draft norm for the Urban Co-Operative Banks in India

Tags: Economy/Finance

Reserve Bank of India (RBI) has released a draft for the proposed  four tier structure  for Urban Co-Operative Banks(UCB) in India on 19 July 2022. At present  the  UCB in India is divided into two categories by the RBI.

Reserve Bank of India (RBI) of India had set up an Expert Committee on Urban Co-Operative Banks on February 15, 2021 under the Chairmanship of Shri N. S. Vishwanathan, former Deputy Governor, Reserve Bank to examine the issues in the urban co-operative banking sector, and to suggest suitable changes to strengthen its regulation and supervision.

RBI has now categorized Urban Co-Operative Banks in India into four tier depending upon the deposit with the bank

Tier 1: UCB are those banks having deposits upto Rs 100 crore operating in a single district or having branches in contiguous districts. 

Tier 2: UCBs with deposits more than Rs.100 crore and up to Rs.1000 crore

Tier 3 - UCBs with deposits more than Rs.1000 crore and up to Rs.10, 000 crore 

Tier 4 - UCBs with deposits more than Rs.10, 000 crore.

Minimum Net worth Requirement of the banks 

The minimum net worth (have a minimum capital and reserves) requirement for the Tier 1 UCBs operating in single districts shall be Rs 2 crore.

For other UCB it shall be Rs 5 crore.

Those UCBs which do not meet the requirement, have to achieve the minimum net worth of Rs 2 crore or Rs 5 crore in a phased manner in five years. The banks will have to achieve the 50% minimum net worth requirement in three years and the remaining 50% in next two years. 

What is a Primary Urban Co-operative Bank? 

Primary Co-operative Banks, popularly known as Urban Cooperative Banks (UCBs) are registered as cooperative societies under the provisions of, either the State Cooperative Societies Act of the State concerned under the provisions of the or the Multi State Cooperative Societies Act, 2002. 

Who regulates the UCB? 

There is a duality of control over the UCB. It is regulated by the Registrar of Cooperatives and also by the RBI.

They are regulated and supervised by the Registrar of Cooperative Societies (RCS) of the State concerned for those UCB registered State Cooperative Societies Act  or

 By the Central Registrar of Cooperative Societies (CRCS) for UCB set up under the Multi State Cooperative Societies Act, 2002.  

Regulation of banking functions 

The Banking Regulation Act 1949 was made applicable on these banks from 1 March, 1966.

The Reserve Bank regulates and supervises the banking functions of UCBs under the provisions of Banking Regulation Act, 1949.

Please Rate this article, so that we can improve the quality for you -

Search By Tags

Committee Festivals of India Russia-Ukraine Sports National Economy/Finance International Relations Government Schemes Popular Defence Books and Authors Science and Technology Summits Economics/Business Awards Person in news State News Important Days Sports News International News National News
serablock login_ch-testwale