Union Minister Amit Shah says the Reserve Bank of India (RBI) has been proactive in supporting urban cooperative banks (UCBs), and he urges cooperative banks to view the regulator differently. He also points to policy measures that ease business conditions for UCBs, including the raising of limits on gold loans and permission for one-time settlements.
Shah’s remarks place emphasis on how these steps can help UCBs operate more effectively and continue serving borrowers. He links the banks’ lending to the broader goal of supporting small borrowers and contributing to the growth and stability of the financial sector. Both outlets report that he credits the RBI with resolving several aspects through regulatory engagement.
While the reporting focuses on different parts of the same theme—regulatory assistance and the need for cooperatives to adapt to the regulator’s role—there is no dispute between the sources on the main claims: Shah highlights recent easing measures affecting UCBs and advocates a more constructive approach toward the RBI.
