In order to improve the efficiency, transparency and integrity of the asset classification process, RBI has decided to implement system-based asset classification1 in urban co-operative banks (UCBs). UCBs having total assets of Rs. 2000 crore or above as on March 31, 2020 shall implement system-based asset classification with effect from June 30, 2021.In order to improve the efficiency, transparency and integrity of the asset classification process, RBI has decided to implement system-based asset classification1 in urban co-operative banks (UCBs). UCBs having total assets of Rs. 2000 crore or above as on March 31, 2020 shall implement system-based asset classification with effect from June 30, 2021.taxmann.com Latest Statutory HappeningsRead More
