Our
Achievements
Some of the important achievements of NAFCUB are:-
- During the past 36 years of its existence, NAFCUB has attained recognition as the Spokesman of the Sector.
- Conferment of Scheduled Status to Urban Cooperative Banks.
- Formation of Standing Advisory Committee by Reserve Bank of India in 1983 as the highest consultative forum.
- Constitution of Marathe Committee for liberal Branch License policy 1992-93.
- Flexibility in Investments of SLR Funds by Urban Cooperative Banks.
- Containment of Madhavpura Bank crises by involvement by working out a scheme and its implementation.
- Getting significant relaxation for Urban Cooperative Banks in classification of their Investments in Govt. securities.
- Convening 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.
- Acceptance of Vision Document paving their way for differential Prudential Norms for tier I & II Banks.
- Formation of TAFCUB in almost all the states and encouraging for voluntary Merger of UCBs to ensure non-descriptive exit of non-viable Banks.
- NAFCUB 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.
- Providing a weekly capsule of developments in the Banking Sector to Urban Banks by publishing a regular weekly newsletter “ Coop Banking “ & Quarterly Journal “ Urban Credit”.
- Organizing Seminars and regular training programmes on specialized topics relating to Urban Cooperative banks and Credit Societies.
- National launch of Core Banking Solution (CBS) for Urban Cooperative Banks, particularly for smaller bank at Ahmadabad on 25th December, 2010.
- Promoting to undertake Research in the field of Urban Cooperative Banking Sector.