National Federation Of Urban Cooperative Banks & Credit Societies Ltd. New Delhi



Some of the important achievements of NAFCUB are:-

  • StarDuring the past 36 years of its existence, NAFCUB has attained recognition as the Spokesman of the Sector.
  • StarConferment of Scheduled Status to Urban Cooperative Banks.
  • StarFormation of Standing Advisory Committee by Reserve Bank of India in 1983 as the highest consultative forum.
  • StarConstitution of Marathe Committee for liberal Branch License policy 1992-93.
  • StarFlexibility in Investments of SLR Funds by Urban Cooperative Banks.
  • StarContainment of Madhavpura Bank crises by involvement by working out a scheme and its implementation.
  • StarGetting significant relaxation for Urban Cooperative Banks in classification of their Investments in Govt. securities.
  • StarConvening RBI to draw Vision Document for Urban Cooperative Banking Sector and to encourage consultative approach for regulation of Urban Cooperative Banks by signing MOU with State Governments.
  • StarAcceptance of Vision Document paving their way for differential Prudential Norms for tier I & II Banks.
  • StarFormation of TAFCUB in almost all the states and encouraging for voluntary Merger of UCBs to ensure non-descriptive exit of non-viable Banks.
  • StarNAFCUB is member of all important Committees constituted by the RBI. A few committees are:
    • Formation of Umbrella organization for UCBs.
    • Technology Support to UCBs.
    • Alternative avenues of raising capital by UCBs.
    • College Advisory Committee of College of Agriculture Banking, Pune.
  • StarProviding a weekly capsule of developments in the Banking Sector to Urban Banks by publishing a regular weekly newsletter “ Coop Banking “ & Quarterly Journal “ Urban Credit”.
  • StarOrganizing Seminars and regular training programmes on specialized topics relating to Urban Cooperative banks and Credit Societies.
  • StarNational launch of Core Banking Solution (CBS) for Urban Cooperative Banks, particularly for smaller bank at Ahmadabad on 25th December, 2010.
  • StarPromoting to undertake Research in the field of Urban Cooperative Banking Sector.