Urban co-op banks need to focus on symmetric development, adopt modern banking methods: Shah


PTI, Jun 23, 2022, 1:14 PM IST

Cooperation Minister Amit Shah on Thursday said urban cooperative banks need to focus on symmetric development and adopt modern banking methods to stay in the competition.

He emphasized on the reforms in urban cooperative banks and asked them to make structural changes, computerize accounting processes, and infuse young talent in the sector.

Presently, the role of urban cooperative banks is negligible in the total banking sector in terms of deposit and advance payment, he added.

”There are 1,534 urban cooperative banks, 54 scheduled urban cooperative banks… but the development is uneven. We need symmetric development of urban cooperative banks,” Shah said at an event here.

The symmetric development of cooperative banks will help sustain competition in the future, he said.

The minister also felicitated several urban cooperative banks which have completed 100 years of operation.

Minister of state for cooperation B L Verma, National Federation of Urban Cooperative Banks and Credit Societies (NAFCUB) President Jyotindra Mehta and Cooperation Secretary Gyanesh Kumar were present at the event.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Gukesh draws with Liren in second game of World Chess Championship

All about ‘One Nation One Subscription’ scheme

PAN cards with QR code planned under PAN 2.0 project

2nd Test: Will Rohit agree to bat in middle-order and let Rahul open?

Yediyurappa appeals to MLA Yatnal’s group to work unitedly to strengthen party

Karnataka Congress MLA wants CM to stop some poll guarantees, draws Shivakumar’s ire

Adityanath hits out at Congress for ‘strangling’ Constitution

Related Articles More

BJP protector of Constitution in ‘real sense’, Cong tried to hurt its spirit during its rule: Nadda

Sheena Bora case: Indrani Mukerjea moves SC, seeks permission to travel abroad

PM Modi, RSS strengthening wall obstructing path of SCs, STs, OBCs: Rahul Gandhi

All about ‘One Nation One Subscription’ scheme

SC asks Centre, states to expedite steps to fill vacancies in CIC, SICs

MUST WATCH

Grafting

Coconut Flower

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing


Latest Additions

Genetic vulnerability for low insulin, unhealthy fat major causes for diabetes in South Asians: Study

BJP protector of Constitution in ‘real sense’, Cong tried to hurt its spirit during its rule: Nadda

Sheena Bora case: Indrani Mukerjea moves SC, seeks permission to travel abroad

Gukesh draws with Liren in second game of World Chess Championship

PM Modi, RSS strengthening wall obstructing path of SCs, STs, OBCs: Rahul Gandhi

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.