Who Mandates System-based Asset Classification for Urban Co-operative – InterviewSolution

InterviewSolution

1.	Who Mandates System-based Asset Classification for Urban Co-operative Banks (UCBs)?
Answer» On August 12, 2020, the Reserve Bank of India (RBI) has mandated the urban co-operative banks (UCBs) with assets of Rs 2,000 crore or above as on March 31, 2020 to implement system-based asset classification from 30 June 2021.

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