RBI Seeks Public Comments on Draft Guidelines for Urban Co-operative Bank Licensing

The Reserve Bank of India (RBI) has issued draft guidelines governing the 'on tap' licensing regime for Urban Co-operative Banks (UCBs) across the country.

As part of the regulatory process, the central bank has formally invited comments, feedback, and suggestions from members of the public and sector stakeholders regarding the proposed draft framework.

The introduction of an 'on tap' licensing window allows eligible entities and applicants to submit applications for setting up urban co-operative banking entities at any time throughout the year, replacing periodic licensing windows.