{"id":263098,"date":"2022-03-04T10:33:54","date_gmt":"2022-03-04T05:03:54","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=263098"},"modified":"2022-03-04T10:31:17","modified_gmt":"2022-03-04T05:01:17","slug":"rbi-issues-notification-on-investment-in-umbrella-organization-uo-by-primary-urban-co-operative-banks","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2022\/03\/04\/rbi-issues-notification-on-investment-in-umbrella-organization-uo-by-primary-urban-co-operative-banks\/","title":{"rendered":"RBI issues notification on investment in Umbrella Organization (UO) by Primary (Urban) Co-operative Banks"},"content":{"rendered":"<p style=\"text-align: justify;\">On March 03, 2022, the Reserve Bank of India (RBI) has issued notification on Investment in Umbrella Organization (UO) by Primary (Urban) Co-operative Banks.<\/p>\n<p>Applicability: Primary (Urban) Co-operative Banks.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h4>Key points:<\/h4>\n<ul>\n<li>Investment made for subscribing to the capital of the UO, for acquiring its membership, shall be exempt from the limits prescribed which are namely: &#8211;<\/li>\n<\/ul>\n<p style=\"padding-left: 40px; text-align: justify;\">1. Prudential Limit &#8211; The Non-SLR investments will continue to be limited to 10% of a bank\u2019s total deposits as on March 31 of the previous year.<\/p>\n<p style=\"padding-left: 40px; text-align: justify;\">2. Restrictions &#8211; Investment in unlisted securities should be subject to a prescribed minimum rating and should not exceed 10% of the total Non-SLR investments at any time. Where banks have already exceeded the said limit, no further investment in such securities will be permitted.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On March 03, 2022, the Reserve Bank of India (RBI) has issued notification on Investment in Umbrella Organization (UO) by Primary (Urban) <\/p>\n","protected":false},"author":8808,"featured_media":253309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-263098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBI issues notification on investment in Umbrella Organization (UO) by Primary (Urban) Co-operative Banks | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2022\/03\/04\/rbi-issues-notification-on-investment-in-umbrella-organization-uo-by-primary-urban-co-operative-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI issues notification on investment in Umbrella Organization (UO) by Primary (Urban) Co-operative Banks\" \/>\n<meta property=\"og:description\" content=\"On March 03, 2022, the Reserve Bank of India (RBI) has issued notification on Investment in Umbrella Organization (UO) by Primary (Urban)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2022\/03\/04\/rbi-issues-notification-on-investment-in-umbrella-organization-uo-by-primary-urban-co-operative-banks\/\" 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Expert Committee on Urban Co-operative Banks ('the Committee') to examine the issues in urban co-operative banking sector, provide a medium term road map, suggest measures for faster resolution of UCBs and recommend suitable regulatory\/ supervisory changes for strengthening the sector\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=700%2C400&ssl=1 2x, 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Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Amendment Rules, 2022 The Central Government notifies National Financial Reporting Authority (Manner of Appointment and other Terms and Conditions of Service of Chairperson and Members) Amendment Rules, 2022\u2026","rel":"","context":"In &quot;Legal RoundUp&quot;","block_context":{"text":"Legal RoundUp","link":"https:\/\/www.scconline.com\/blog\/post\/category\/columns-for-roundup\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-125.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-125.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-125.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-125.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-125.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":254799,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/09\/28\/rbi-issues-master-directions-rbi-transfer-of-loan-exposures-directions-2021\/","url_meta":{"origin":263098,"position":3},"title":"RBI issues Master Directions- RBI (Transfer of Loan Exposures) Directions, 2021","author":"Bhumika Indulia","date":"September 28, 2021","format":false,"excerpt":"On September 24, 2021, the Reserve Bank of India (RBI) has issued the Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021. These directions come into immediate effect replacing the existing instructions on the matter of sale \/ transfer of loan exposures. Applicability The provisions of these directions shall\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":263703,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/03\/15\/rbi-issues-regulatory-framework-for-microfinance-loans\/","url_meta":{"origin":263098,"position":4},"title":"RBI issues Regulatory Framework for Microfinance Loans","author":"Bhumika Indulia","date":"March 15, 2022","format":false,"excerpt":"The Reserve Bank has issued Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022 for regulating microfinance loans. The Directions will come into force from April 01, 2022. \u00a0 Key Points: Applicability: The provisions of these directions shall apply to the following entities All Commercial Banks (including Small\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":223919,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/07\/rbi-grants-in-principle-approval-to-shivalik-mercantile-co-operative-bank-ltd-for-transition-into-a-small-finance-bank\/","url_meta":{"origin":263098,"position":5},"title":"RBI grants \u201cIn-principle\u201d Approval to Shivalik Mercantile Co-operative Bank Ltd. for transition into a Small Finance Bank","author":"Bhumika Indulia","date":"January 7, 2020","format":false,"excerpt":"The Reserve Bank of India (RBI) has granted \u201cin-principle\u201d approval to Shivalik Mercantile Co-operative Bank Limited (the applicant) for transition into a Small Finance Bank (SFB) under the \u201cScheme on voluntary transition of Urban Co-operative Bank into a Small Finance Bank\u201d (the Scheme) issued on September 27, 2018. 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