RBI may allow urban co-operative banks to issue Special Share Certificates without voting rights
Further, raising funds via the Perpetual Non-Cumulative Preference Shares (PNCPS) route too could turn attractive for UCBs as they may be permitted to grant advances up to Rs ₹5 lakhs to subscribers of these instruments, subject to the amount of loan being a limited multiple of the PNCPS subscribed to by the investor.
Further, raising funds via the Perpetual Non-Cumulative Preference Shares (PNCPS) route too could turn attractive for UCBs as they may be permitted to grant advances up to Rs ₹5 lakhs to subscribers of these instruments, subject to the amount of loan being a limited multiple of the PNCPS subscribed to by the investor.
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