Marathe expects Budget to allow 2 decades' stalled license for UCBs
By Satish Marathe A. Licences for opening new UCBs have not been issued for almost 2 decades. At the same time, Licenses have been issued by RBI to variety of new Banks. Considering the continental size of the Country, the present number of UCBs is too small and several States and Districts do not have even a single UCB. B. Committee to prepare Vision Document for Urban Co-Op Banks. A broad-based Committee of Cooperators & Officials is constituted to prepare a Vision Document and a Roadmap with Landmarks for growth and development of the UCB Sector. C. Credit Guarantee Fund Scheme – Under t...
Source: indiancooperative.com