RBI Introduces Stricter Tenure Norms for Urban Co-operative Bank Directors
| Aspect | Details |
|---|---|
| Event | RBI introduces stricter governance norms for Urban Co-operative Banks (UCBs) |
| Notification | Reserve Bank of India (Urban Co-operative Banks - Governance) Amendment Directions, 2026 |
| Targeted Issue | Loopholes allowing directors to extend tenure beyond limits by resigning and rejoining shortly |
| Calculation of Tenure | - Breaks <3 years count as continuous tenure - Only interruptions ≥3 years reset tenure count |
| Applicability | Primarily Urban Co-operative Banks (UCBs); similar norms exist for rural co-operative banks |