New Delhi, Aug. 5 -- The Reserve Bank of India (RBI) on Wednesday announced a series of regulatory measures, including plans to resume licensing of Urban Co-operative Banks (UCBs) on an 'on-tap' basis, review concentration risk norms for rural co-operative banks and rationalise guidelines governing interest rates on advances.

The announcements were made as part of the RBI's Statement on Developmental and Regulatory Policies released alongside the monetary policy decision.

The central bank said a discussion paper on licensing of UCBs was published for stakeholder feedback on January 13, 2026, following a two-decade pause in issuing fresh licences. After analysing the feedback received from stakeholders, the RBI has decided to resume lice...