RBI proposes to issue new capital-raising avenues for UCBs. NUCFDC CEO says stronger capital options are vital for stability, growth, and enhanced competitiveness.
The conversation highlights NUCFDC’s vision to bring more Urban Cooperative Banks (UCBs) under a common support framework, strengthen governance, enhance institutional capabilities, and build a more resilient and future-ready cooperative banking ecosyste
Union Home and Cooperation Minister Shri Amit Shah inaugurated the new premises of NUCFDC in Mumbai and addressed the ‘Sahakar Nav-Kranti’ program.
Amit Shah urged urban cooperative banks to adopt a more constructive approach towards the RBI, saying the central bank has proactively supported the sector through measures such as easier branch expansion,
Only existing multi-state Credit Co-op Societies with at least 10 years of operations, having a deposit size of at least ₹10,000 crore and minimum net worth of at least ₹300 crore are eligible to apply
