Reserve Bank of India Governor Sanjay Malhotra met Chairpersons, Managing Directors and Chief Executive Officers of Urban Cooperative Banks along with industry representatives, in Mumbai today.

 

The meeting was part of the RBI’s continued engagement with regulated entities. The Governor highlighted the important role of Urban Cooperative Banks in credit delivery, especially in underserved areas, and in expanding financial inclusion.

 

He also stressed the need for strong governance, robust underwriting practices, close monitoring of asset quality and a customer-centric approach. The Governor underlined the importance of ethical practices and timely grievance redressal to maintain public trust.