https://www.taxtmi.com/news?id=22343 Prudential exposure norms for primary urban co-operative banks are tightened by lowering single-borrower and group exposure limits relative to Tier I capital for all fresh exposures, requiring reduction of existing excess exposures by the compliance date while allowing run-off of existing term and non-fund facilities without fresh exposure. UCBs must also ensure at least half their loan portfolio consists of smaller-ticket loans and meet an increased Priority Sector Lending target via a phased glide path, with Board-approved Action Plans and monitoring mechanisms to ensure compliance. en-us Mon, 30 Dec 2019 17:53:04 +0530 Mon, 30 Dec 2019 17:53:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22343 Prudential exposure norms for primary urban co-operative banks are tightened by lowering single-borrower and group exposure limits relative to Tier I capital for all fresh exposures, requiring reduction of existing excess exposures by the compliance date while allowing run-off of existing term and non-fund facilities without fresh exposure. UCBs must also ensure at least half their loan portfolio consists of smaller-ticket loans and meet an increased Priority Sector Lending target via a phased glide path, with Board-approved Action Plans and monitoring mechanisms to ensure compliance. News - Mon, 30 Dec 2019 17:53:04 +0530 https://www.taxtmi.com/news?id=22343