BIS central bankers’ speeches  1  policy to assess the “need and potential” in an area for mobilizing deposits and purveying of credit for a new UCB.
In the year 1993, before the liberalisation of bank licensing policy, there were 1311 UCBs having deposits and advances amounting to ₹ billion and ₹ billion, respectively, which increased to 1926 UCBs with deposits and advances of ₹ billion and ₹ billion, respectively2 by end-March, 2004.