UCBs must be mindful of responsibilities: RBI Governor Sanjay Malhotra

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They must maintain high standards of customer service to build and retain trust.

The participants shared their feedback and gave various suggestions during the interactive session of the meeting.

UCBs were also advised to ensure that they remain operationally resilient, including against IT and cyber-related risks, the RBI said in a statement.

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Category: BusinessFinance

Markets: India

Topics: Bank deposit withdrawal limits RBI Governor Sanjay Malhotra Cooperative banking sector India UCBs customer trust RBI restrictions on banks Banking governance India Financial irregularities in banks Urban cooperative banks India RBI banking regulations New India Co-operative Bank crisis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 18:43:27 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 265 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 27173874

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