Kakinada Cooperative Town Bank attains Tier-III status under Reserve Bank of India (RBI) norms

Exam-focused facts from the 2 July 2026 current affairs briefing.

Key facts

Kakinada Cooperative Town Bank attained Tier-III status under Reserve Bank of India (RBI) norms after its total deposits crossed ₹2,000 crore.
The bank is the second-largest among 46 urban cooperative banks in Andhra Pradesh with total business exceeding ₹2,040 crore.
As of March 31, 2026, the bank's deposits stood at ₹1,235 crore, advances at ₹804.12 crore, and investments at ₹552.14 crore.
The bank reported a net profit of ₹16.18 crore for the last financial year and maintained zero net non-performing assets (NPAs).
RBI classification for urban cooperative banks is based on deposits: Tier-I (below ₹100 crore), Tier-II (up to ₹1,000 crore), Tier-III (₹1,000 crore to ₹10,000 crore), and Tier-IV (above ₹10,000 crore).