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Amit Shah launches digital apps for urban cooperative banks, aiming for one UCB per town. Focus on digital payments and modernization.

RBI Governor Sanjay Malhotra emphasizes the need for Urban Cooperative Banks (UCBs) to bolster their operational resilience against IT and cyber risks, ensuring customer trust and financial inclusion.

Cooperation Minister Amit Shah launched the National Urban Cooperative Finance and Development Corporation (NUCFDC), aiming to establish one urban cooperative bank in each town. NUCFDC will provide...

Cooperation Minister Amit Shah will launch the NUCFDC on March 2, an umbrella organization providing technology and capital support to small urban cooperative banks.