Urban Co-operative Bank

This pp is about Indian urban co-operative banks

1. U rban C o-operative B anks

2. Introduction Urban co-operative banks cater to the credit needs of people residing in urban areas. Registered under State Cooperative Societies Acts Objective of promoting sustainable banking practices. Under banking regulation act, 1949, effective from march 1, 1966 Advance loans Membership Management

3. First Known Mutual Aid Society In India Was Probably The ̳ Anyonya Sahakari Mandali . Salary Earners Societies Inculcating Habits Of Thrift And Self Help . Mobilize Savings From The Middle And Low Income Urban Groups And Purvey Credit To Their Members The First Urban Cooperative Credit Society Was Registered In Madras 31st March, 2003 There Were 2,104 Ucbs Of Which 56 Were Scheduled Banks. 79 % Of These Are Located In Five States - Andhra Pradesh, Gujarat, Karnataka, Maharashtra And Tamil Nadu Beginning of UCB

4. Objective of Urban Co-operative Bank

5. Functions of Urban Co-operative Bank

6. Banking & Other Facilities

7. Organize and bring together Providing Credit , Exploitation Contribution to Industrial Development Role of UCB in Economic Development State All UCBs Gujarat 249 Karnataka 270 Tamil Nadu 130 Maharashtra 557 Andhra Pradesh 111 Bihar/Jharkhand, Uttarakhand 5 Jammu and Kashmir 4

8. Conclusion Co-operative occupies an important position in the Indian financial system. Co-operatives were the first formal institutions to be conceived and developed to purvey credit to rural India. The urban counterparts of rural co-operatives the Urban Co-operative Banks (UCBs) too have traditionally been an important channel of financial inclusion for the middle and low income sections in the semi-urban and urban area. Urban Co-operative Bank is very important role for the sustainable development of India.UCBs enjoy an undeniable edge in the area of relationship banking