ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Urban Cooperative: Emerging Solutions

Emerging Solutions With the signing into effect of memoranda of understanding between the Reserve Bank of India and the governments of Andhra Pradesh and Gujarat, respectively, the long and laborious task of cleaning up the urban cooperative bank (UCB) segment has been spurred some. Although the RBI has been tightening regulatory and prudential norms for UCBs regularly since 2000, the exercise of sifting through strengthening or weeding out weak banks will begin in earnest with the setting up of a Task Force on Urban Cooperative Banks in each state that signs the MoU. Andhra Pradesh and Gujarat are two of the five states in the country where UCBs are most numerous, being home to 452 of a total of 1,924 UCBs. Using what the RBI

To read the full text Login

Get instant access

New 3 Month Subscription
to Digital Archives at

₹826for India

$50for overseas users

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top