Question : LICENCE TO URBAN CO OPERATIVE BANKS



(a) whether the Reserve Bank of India has issued licenses for setting up of Urban Co-operative Banks in the country; and

(b) if so, the details thereof, State-wise including Rajasthan during the last three years?

Answer given by the minister


MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI NAMO NARAIN MEENA)

(a) & (b): The Reserve Bank of India has issued licenses for setting up of Urban Co-operative Banks in the country as per the provisions of Section 22 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). During the last three years, the Reserve Bank has issued 52 licenses to the existing unlicensed urban co-operative banks. State-wise details, including Rajasthan, are given in Annex.