Steps can be also taken to increase in the quorum requirement for  6  BIS central bankers’ speeches  Annual General Body meetings, make provision of electronic and secure remote voting facility and cap the tenure/term of the Directors of UCBs in the Board. Strengthening capital standards 38.
In today’s globalised world it is difficult to insulate our institutions from the best global regulatory practices. 39. In India UCBs can raise capital only from their members. Recognising this limitation, RBI has prescribed share-linking to borrowing. The matter was further examined by a Working Group appointed by RBI and based on their recommendations.