RBI Governor Highlights Governance and Asset Oversight in Urban Cooperative Banks Meeting

Reserve Bank of India Governor Sanjay Malhotra met with leaders of select Urban Cooperative Banks (UCBs) to emphasize the importance of high governance standards, robust underwriting, and diligent asset quality oversight. He highlighted UCBs' role in credit delivery and financial inclusion, especially in underserved areas. Malhotra expressed confidence in recent RBI policy initiatives aimed at strengthening the sector. The meeting included discussions on customer-centric approaches, ethical practices, and timely grievance resolution, with feedback from UCB representatives and RBI officials.