RBI sets up panel for strengthening UCBs.

The Reserve Bank of India has set up of an eight-member expert committee on urban co-operative banks (UCBs) to examine their issues and provide a roadmap for strengthening the sector.

The panel, to be headed by former RBI Deputy Governor NS Vishwanathan, will take stock of regulatory measures taken by the central bank and other authorities in respect of UCBs and assess their impact over last five years to identify key constraints and enablers, if any, in fulfilment of their socio-economic objective, the RBI said.

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