Chairman Tauseef Hussain and CEO Samina Banu Mehmuda of The Udaipur Urban Co-operative Bank Ltd attend a meeting of select UCBs called by RBI Governor Sanjay Malhotra at RBI HQ in Mumbai
The risk weight requirement on microfinance loans disbursed by Non-Banking Financial Companies (NBFCs) and microfinance institutions has been lowered by the Reserve Bank of India by 25%, bringing it