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RMC Switchgears’ ₹344.10 crore order win, including ₹333.80 crore of PGVCL underground-cabling work, has lifted its unexecuted order backlog to about ₹1,188 crore even as the company navigates a sharp Q1 revenue decline. Representative image.

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Representative image of an urban co-operative banking branch in India, highlighting how the Reserve Bank of India’s likely restart of fresh UCB licences could reshape local credit access, financial inclusion and banking regulation.

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Can RBI restart urban co-operative bank licences without reviving old banking risks?

Find out how RBI’s likely urban co-operative bank licence restart could reshape local credit, governance and financial inclusion in India.

byPallavi Madhiraju

June 11, 2026

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