Acquisition of UCBs by PSBs

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..... Acquisition of UCBs by PSBs
News and Press Release
Dated:- 29-11-2011

Press Information Bureau Government of India Ministry of Finance 29-November-2011 17:46 IST Specific assets and .....

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..... liabilities of two weak Urban Co-operative Banks (UCBs) ,which were under directions under Section 35 A of Banking Regulation Act 1949 (As Applicable to Co-operative Societies) were taken over by Publ .....

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..... ic Sector Banks within last three years. Reserve Bank of India has issued guidelines on February 24, 2010 for transfer of assets and liabilities of Urban Co-operative Banks to commercial banks (inclu .....

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..... ding Public Sector Banks). RBI has issued guidelines on merger/amalgamation of UCBs on February 02, 2005, and January 30, 2009 for merger of UCB with strong UCB. This information was given by the Mi .....

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..... nister of State for Finance, Shri Namo Narain Meena in written reply to an Unstarred Question in Rajya Sabha today. DSM/ Hb
News - Press release - PIB .....

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