NUCFDC Announcements | Updates for Urban Cooperative Banks

NAFCUB reschedules CoopKumbh dates to ensure smooth conduct

24 Oct 2025

The National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB) has announced the rescheduling of its flagship event, the International Conference of Urban Cooperative Credit Sector-“Coop Kumbh 2025.”

Murmu Takes Charge as RBI Deputy Guv

10 Oct 2025

Mumbai: Shirish Chandra Murmu took over as the deputy governor of the Reserve Bank of India on Thursday for a period of three years. Murmu will look after the department of communication, department of government and bank accounts, department of regulation and enforcement department, RBI said in a release. Murmu has been with the RBI since 1991 and as ED worked with the department of supervision and secretary’s department.

Jharneshwar Citizens Cooperative Bank's 32nd Annual General Meeting concluded

25 Sep 2025

Bhopal | Jharneshwar Citizens Cooperative Bank Limited, Bhopal held its 32nd Annual General Meeting under the chairmanship of Chairman N. Chandreshwari Parihar. The chief guest of the meeting was Prakash Nayak from Bhopal. On this occasion, the annual report for the financial year 2024-25 was presented. The bank earned a net profit of Rs. 29.68 lakh during the financial year. The bank's NPA remained zero (Zero NPA). A five-member managing board was unanimously elected on the proposal of Chairman Parihar. Chief guest Prakash Nayak praised the bank's achievements in his address and wished for the bank's progress in the future.

Financial institutions should have a comprehensive strategy in place for AI adoption RBI Dy Guv Rao

23 Sep 2025

Financial institutions' excitement around AI's benefits should not overshadow prudent risk management, according to M Rajeshwar Rao, Deputy Governor, RBI. In this regard, he emphasised on aspects such as governance, human-in-the-loop, maintaining data quality and security, and regulatory guardrails for new technologies, among others. In his keynote address at Business TV channel's Banking Transfo

At 6.3%, Core Sector Growth in Aug Highest in Over 1 Year

23 Sep 2025

India's core sector output grew 6.3% year-on-year in August, reaching a 15-month high, driven mainly by coal, steel, and cement, while crude oil and gas output declined. Steel saw the highest sector growth at 14.2%. For the first five months of FY26, average growth was 2.8%. The cement, fertiliser, electricity, and refinery sectors also contributed to overall growth, but monsoon conditions limited cement expansion. Construction activity is expected to remain strong, with September core output projected to rise around 5%.

https://economictimes.indiatimes.com/news/india/dpdp-rules-ready-to-be-published-by-sep-28-ashwini-vaishnaw/articleshow/123977035.cms?from=mdr

19 Sep 2025

The Digital Personal Data Protection (DPDP) rules are ready and will be published in the next 10 days, IT Minister Ashwini Vaishnaw said on Thursday. The minister said the rules followed an extensive consultation process. "The DPDP rules are ready, about to be published in a few days from now," Vaishnaw said, confirming that the rules will be released by September 28.

Fintechs, NBFCs run for cyber insurance cover amid rising threats

11 Sep 2025

Cyber insurance is seeing a sharp increase in demand from financial services firms, according to industry executives, with cooperative banks, small finance banks, non-banking finance companies (NBFCs) and new-age fintech startups taking the cover which was earlier sought mainly by large software services firms and tech corporations. Increasing digitisation and a spurt in attacks from cyber criminals, along with greater awareness about the sanctity of customer data and the prospect of a stringent data law in the country, are pushing these companies to seek cyber insurance, said the executives.

PSBs shut 1.5 mn inoperative Jan Dhan accounts in one-time exercise in April

09 Sep 2025

Public-sector banks (PSBs) closed approximately 1.5 million inoperative zero-balance accounts under Pradhan Mantri Jan Dhan Yojana (PMJDY) in April this year as a one-time measure. The step was taken to weed out duplicate and non-functional accounts, according to a senior government official.

'IBC to remain sector-agnostic'

09 Sep 2025

India’s insolvency resolution framework will remain sector-agnostic as the government has assessed it is not practical to offer special dispensations to specific sectors like real estate, according to two persons informed about the government discussions. Contrary to expectations, the amendments to the Insolvency and Bankruptcy Code (IBC) introduced in Parliament by the government in the monsoon session, currently before a House panel, did not include a project-specific insolvency resolution for real estate. In 2023, a Supreme Court-bench had urged the committee set up by the finance and urban affairs ministries to explore such changes with the help of sectoral regulators like the Real Estate Regulatory Authority (Rera).

One-on-One: NUCFDC deepens ties with Maharashtra UCBs

01 Sep 2025

The National Urban Co-operative Finance & Development Corporation Ltd. (NUCFDC) has intensified its outreach in Maharashtra, engaging over 25 Urban Cooperative Banks (UCBs) through one-on-one and small group meetings. With Rs 278 crore already mobilized towards its Rs 300 crore target, NUCFDC is fostering partnerships focused on digital transformation, governance, and sustainable growth. The initiative has received strong support from Tier-1 to Tier-3 banks, signaling growing confidence in NUCFDC’s strategic role in modernizing the cooperative banking sector.

NPAs Huge Burden On Public Exchequer, DMs Can't Unnecessarily Delay Passing Orders U/S 14 SARFAESI Act: Punjab & Haryana High Court https://www.verdictum.in/court-updates/high-courts/punjab-and-haryana-high-court/au-small-finance-bank-vs-state-of-punjab-

29 Aug 2025

The Punjab & Haryana High Court has held that Non-Performing Assets (NPAs) are a huge burden on the public exchequer, and District Magistrates cannot unnecessarily delay passing orders under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The Court was considering a Writ Petition filed by Petitioner-Bank aggrieved by non-execution of the order passed by the Chief Judicial Magistrate under the provisions of Section 14 Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

Group insolvency rules to solve complex cases soon Individual cos, creditors to be bound by a coordination pact enforceable by NCLT

25 Aug 2025

The Centre is laying the groundwork for a new insolvency framework that could see a single administrator and a common bench for resolving bankruptcies of related companies within the same business group. According to two people familiar with the matter, the new framework is designed to make the process more efficient, cut costs, and improve the overall value for creditors. The proposed group insolvency rules aim to streamline the complex and often lengthy process of untangling distressed corporate groups. “The rules will be designed to keep the cost of debt resolution of the entities minimum, avoid duplication, preserve the value of the entities and improve the overall value realization of the enterprises,” the first person cited above said.

Scheduled Status boosts confidence in Co-op Banks: MoS

21 Aug 2025

Union Minister of State for Finance Pankaj Chaudhary in a written reply in Rajya Sabha informed that scheduled status for a cooperative bank significantly enhances confidence among depositors, financial institutions, and market participants. He explained that a scheduled bank becomes eligible for the purchase, sale, or rediscount of Promissory Notes and Bills of Exchange from the Reserve Bank of India (RBI), availing refinance from RBI against promissory notes issued by it, and seeking loans and advances against permitted securities from RBI.

Axis, Bandhan, Sammaan tweak a/c practices to rewrite books

18 Aug 2025

Axis Bank, Bandhan Bank, and Sammaan Capital revised their accounting practices in the first quarter of this fiscal, reflecting varied approaches to income recognition and provisioning: Sammaan Capital adopted an aggressive accounting model for its securitized loans, booking income based on the contracted tenor rather than the actuarial model, boosting its reported profits. Axis Bank and Bandhan Bank chose more conservative methods: Axis Bank revised its accounting policies for loan settlements, classifying loans as NPA only after full repayment under one-time settlements (OTS), which led to lower earnings. Bandhan Bank changed its collection approach for microfinance borrowers, extending deadlines to avoid holidays/Sundays, leading to a rise in delayed payments (SMA-0 accounts). This caused a temporary dip in collections and a sharp decline in net profit (down 65% year-on-year).

NPCI to push out pull transactions from November with eye on reducing UPI scams

13 Aug 2025

NPCI is discontinuing recipient-initiated person-to-person digital payments, known as ‘pull’ transactions, via UPI from October 31. This decision aims to reduce the increasing incidents of online fraud, where users are tricked into authorising payments. While P2P pull transactions constitute a small percentage of total UPI transactions, their misuse has prompted this measure.

national cooperative policy 2025

24 Jul 2025

The National Cooperative Policy 2025 aims to strengthen and modernize India’s cooperative movement by promoting transparency, professionalism, digitalization, and inclusivity. It focuses on empowering cooperative societies across sectors like agriculture, banking, housing, and rural development. The policy emphasizes ease of doing business, equitable member participation, financial sustainability, and integration with national economic goals. It also encourages youth and women participation, better governance, and innovation to make cooperatives more competitive and self-reliant.

Bhutani outlines vision for self-reliant Co-op Ecosystem at LBSNAA

22 Jul 2025

The two-day National-Level Review Meeting of the Ministry of Cooperation concluded at LBSNAA, Mussoorie with a strong resolve to intensify grassroots cooperative development. In his valedictory address, Secretary Dr. Ashish Kumar Bhutani called for mission-mode action to establish cooperative societies in every Indian village, ensuring inclusion of landless farmers and greater community participation.

NUCFDC raised Rs 242 crore

22 Apr 2025

NUCFDC successfully raised ?242 crore, marking an important milestone in its mission to provide liquidity, capital support, and other services to urban cooperative banks.

NUCFDC has emerged as the apex Umbrella...

09 Apr 2025

As the apex Umbrella Organization (UO) for the cooperative banking sector, registered with RBI in February 2024. With a paid-up capital of ?117.95 crore, the goal is to reach ?300 crore by February 2025 to become a Self-Regulatory Organization (SRO). hape the future of cooperative banking by setting industry standards.

242 crore capital raised by Umbrella Organization

07 Apr 2025

NUCFDC successfully raised ?242 crore capital, further enhancing its ability to provide financial support and services to Urban Cooperative Banks (UCBs) across India.

Capital raising of NUCFDC

07 Apr 2025

NUCFDC has achieved a significant milestone by securing ?242 crore, advancing its goal to offer liquidity, capital assistance, and essential services to urban cooperative banks

NUCFDC poised to transform urban co-operative banking sector: Amit Shah

05 Apr 2025

NUCFDC is on track to bring transformative change to the Urban Cooperative Banking sector, focusing on financial stability, improved governance, and increased technological adoption.

NUCFDC set to transform Urban Co-operative Banks

05 Apr 2025

With innovative strategies and initiatives, NUCFDC is set to overhaul the operational dynamics of UCBs, ensuring better service delivery and strengthening their role in local economies.

Umbrella Organization raised Rs 242.45 crore

03 Apr 2025

The umbrella organization NUCFDC is working towards significantly improving the financial health and governance of UCBs, focusing on greater collaboration and support mechanisms.

Umbrella Organization raised Rs 242.45 crore

03 Apr 2025

NUCFDC continues to strengthen its financial position by raising ?242.45 crore, further solidifying its efforts to support and transform the urban cooperative banking system.

NUCFDC: The Umbrella Organization for Urban Co-operative Banks secures Rs 242.45 crore

02 Apr 2025

As the central body for urban cooperative banks, NUCFDC has secured funding to boost its operations and drive modernizations within the banking sector.

NUCFDC: Shah to lead event on Cooperative Banks’ future in Mumbai

19 Jan 2025

On the occasion of the International Year of Cooperatives 2025, the Union Ministry of Cooperation, the Maharashtra Cooperation Department, and NUCFDC are jointly organizing an event titled “Challenges and the Way Forward for Cooperative Banks and Credit Societies” on 24th January 2025 at NESCO, Goregaon, Mumbai. Union Home and Cooperation Minister Amit Shah will be the chief guest at the event.