RBI deputy governor Swaminathan J countered the notion that a small entity like an Urban cooperative Bank (UCB) is not systemically important. He underscored the importance of governance standards and the inter-connectedness of financial entities. Even a small disturbance can have far-reaching effects and erode public trust. The failure of UCBs in the past highlights the contagion risks posed by smaller banks. UCBs play a critical role in the financial system, serving various sectors of society. Transparent decision-making, accountability, and adherence to best practices are crucial. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
