RBI Discussion Paper Proposes To List Securities Of Urban Co-Operative Banks

RBI Discussion Paper Proposes To List Securities Of Urban Co-Operative Banks

Based on the recommendations of the working group, the Reserve Bank of India has released a discussion paper, proposing capital raising avenues for urban co-operative banks.According to the discussion paper, the RBI has proposed listing of securities of urban cooperative banks. The securities include shares, debentures and bonds issued by them.At present, financial instruments issued by urban co-operative banks in general cannot be listed on a s…