NEWS – National Urban Co-operative Finance and Development Corporation inaugurated

NATIONAL URBAN CO-OPERATIVE FINANCE AND DEVELOPMENT CORPORATION:

• Umbrella organization for the Urban Cooperative Banks.
• Aim: Specialized functions and services to cooperative banks + address challenges faced by Urban Cooperative Banks + modernize and strengthen the Urban Cooperative Banking Sector
• To operate as a Non-Banking Finance Company under Reserve Bank of India to operate as a Self-Regulatory Organisation for the sector.