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RBI issues Draft Circular on fund raising for UCBs Comments and feedback could be given till 31st August In the wake of the Banking Regulation (Amendment) Act, 2020 allowing UCBs to raise capital from the market, RBI has come up with Draft Circular on ‘Issue and regulation of share capital and securities – Primary (Urban) Co-operative Banks’. Comments on the Draft Circular are invited from UCBs, sector participants and other interested parties by August 31, 2021, says a press release by the RBI. The RBI has also sought comment from State Co-operative Banks (StCBs) and District Central Co-operative Banks (DCCBs). In a letter written to CEOs of the UCBs, the RBI says the extant instructions for UCBs on issue and regulation of capital funds have been reviewed keeping in view, inter alia, the provisions of Section 12 read with Section 56 of the amended Banking Regulation Act, 1949 (BR Act).

Banking regulationDraft circularState cooperative banksDistrict central cooperative banksBanking regulation actPreference sharesFixed depositவங்கி ஒழுங்குமுறைவரைவு வட்டநிலை கூட்டுறவு வங்கிகள்மாவட்டம் மைய கூட்டுறவு வங்கிகள்வங்கி ஒழுங்குமுறை நாடகம்ப்ரெஃபரெந்ஸ் பங்குகள்சரி செய்யப்பட்டது வைப்பு