The measures include draft guidelines for the resumption of ‘on-tap’ licensing of Urban Co-operative Banks (UCBs) and a comprehensive review of the Concentration Risk Management framework for Rural Co-operative Banks (RCBs). “On the basis of the feedback received on the discussion paper on licensing of UCBs, we are issuing draft guidelines for resuming licensing of UCBs,” the Governor said. Following an assessment of the responses received, the central bank has decided to restart licensing of Urban Co-operative Banks on an ‘on-tap’ basis. Draft guidelines will be issued shortly for stakeholder consultation. The second initiative concerns the prudential norms governing Concentration Risk Management for Rural Co-operative Banks.