Organisation | Common News Update

The Reserve Bank of India plans to set up an “umbrella organisation” for urban cooperative banks (UCBs) to improve their operational and financial health as per global best practices. “A long-term solution to make the UCB sector financially resilient and to enhance the depositors’ confidence is to set up an umbrella organisation (UO) as prevalent in many countries,” RBI said on Thursday. Apart from extending liquidity and capital support, it will set up an information and technology infrastructure to enable the banks to widen services at a relatively lower cost. It may also offer fund management and other consultancy services. Another reason for the move is that the structure, size, lack of avenues for raising capital funds and limited area of operation of urban cooperati...

EIGHT months into Donald Trump’s presidency, the rules-based system of global trade remains intact. Threats to impose broad tariffs have come to nothing. Some ominous investigations into whether imports into America are a national-security threat are on hold. Mr Trump looks less a hard man than a boy crying wolf. All the same, supporters of the World Trade Organisation (WTO), the guardian of that rules-based system, are worried. Other dangers are lurking. There is more than one way to undermine an institution.The WTO is meant to be a forum for reaching deals and resolving disputes. But all 164 members must agree to new rules, and agreement has largely been elusive. So if members do not like today’s rules, as interpreted by judges, they have little prospect of negotiating better ones. That ...

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RBI plans ‘umbrella organisation’ for urban cooperative banks

America holds the World Trade Organisation hostage