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Recent Current Affairs related to Co-operative Banks

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3 June 2026 BANKING

RBI has issued final amendment directions for Urban Co-operative Banks (UCBs) and Rural Co-operative Banks (RCBs), mandating a 3-year cooling-off period for directors who have completed a continuous tenure of 10 years on the board.

RBI has also established an 8-member expert panel under the Quantum Secure and Adaptive Financial Ecosystem (Q-SAFE) initiative to evaluate the risks posed to the financial system by the adoption of quantum technology. The panel is led by Anil Prabhakar, a professor at the IIT Madras, who serves as the convener.

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