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RBI issues guidelines for amalgamation of district central co-op banks with state co-op banks


Photo Credit: PTI
The Reserve Bank on Monday said it will consider amalgamation of District Central Co-operative Banks (DCCBs) with State Cooperative Banks (StCBs) subject to various conditions, including that a proposal should be made by the state government concerned.
The Banking Regulation (Amendment) Act, 2020 has been notified for the StCBs and DCCBs with effect from April 1, 2021. Amalgamation of such banks need to be sanctioned by the Reserve Bank of India.
RBI has come out with the guidelines after a few state governments approached it for amalgamation of DCCBs with StCBs as a two-tier Short-term Co-operative Credit Structure (STCCS).
As per the guidelines, RBI will consider proposals for amalgamation when the state government of the state makes a proposal to amalgamate one or more DCCB/s in the state with the StCB after conducting a detailed study of the legal framework . ....

Bank On , Banks Stcbs , Reserve Bank , District Central Co Operative Banks , State Cooperative Banks , Banking Regulation , Short Term Co Operative Credit Structure , District Central Co Op Banks , State Co Op Banks , வங்கி ஆன் , இருப்பு வங்கி , மாவட்டம் மைய இணை செயல்பாட்டு வங்கிகள் , நிலை கூட்டுறவு வங்கிகள் , வங்கி ஒழுங்குமுறை , நிலை இணை ஓப் வங்கிகள் ,

RBI issues guidelines for merging district central co-op banks with state ones


The Reserve Bank on Monday said it will consider amalgamation of District Central Co-operative Banks (DCCBs) with State Cooperative Banks (StCBs) subject to various conditions, including that a proposal should be made by the state government concerned.
The Banking Regulation (Amendment) Act, 2020 has been notified for the StCBs and DCCBs with effect from April 1, 2021. Amalgamation of such banks need to be sanctioned by the Reserve Bank of India.
RBI has come out with the guidelines after a few state governments approached it for amalgamation of DCCBs with StCBs as a two-tier Short-term Co-operative Credit Structure (STCCS).
As per the guidelines, RBI will consider proposals for amalgamation when the state government of the state makes a proposal to amalgamate one or more DCCB/s in the state with the StCB after conducting a detailed study of the legal framework . ....

Bank On , Banks Stcbs , Reserve Bank , District Central Co Operative Banks , State Cooperative Banks , Banking Regulation , Short Term Co Operative Credit Structure , Banking Sector India , Indian Banks , Public Sector Banks , Private Sector Banks , Psu Banks , வங்கி ஆன் , இருப்பு வங்கி , மாவட்டம் மைய இணை செயல்பாட்டு வங்கிகள் , நிலை கூட்டுறவு வங்கிகள் , வங்கி ஒழுங்குமுறை ,