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PMC Bank case fallout: RBI asks urban cooperative banks to make higher provisions for inter-bank exposures

PMC Bank case fallout: RBI asks urban cooperative banks to make higher provisions for inter-bank exposures

Sat, Jun 11, 2022

The Reserve Bank on Friday issued fresh provisioning norms for urban cooperative banks' inter-bank exposure as well as valuation of their perpetual non-cumulative preference shares and equity warrants, directing them to continue making provisions to the tune of 20 per cent for such exposures.

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