RBI Master Circular- Board of Directors UCBs: It updates the previous Master Circular, by consolidating all instructions and guidelines, on the composition of the board, the roles and responsibilities of directors, the establishment of board committees like the Audit and Risk Management Committees, and the required calendar of reviews, issued to Urban Cooperative Banks (UCBs) up to 31st March 2025. (RBI Notification 07/2025 Dated 01/04/2025)