Question

Business line: urban co-operative banks must create redemption reserve for deposits over rs1 lakh'

Answer 1

Deposit redemption reserve will help restore depositor confidence in UCBs, say experts. To help restore depositors' confidence in urban co-operative banks (UCBs), these banks should create a deposit redemption reserve for deposits in excess of Rs 1 lakh, say co-operative banking experts.

Answer 2

Answer:

Deposit redemption reserve will help restore depositor confidence in UCBs, say experts. To help restore depositors' confidence in urban co-operative banks (UCBs), these banks should create a deposit redemption reserve for deposits in excess of Rs 1 lakh, say co-operative banking experts