Performance of urban cooperative banks with focus on selected banks

Abstract

newline The movement of urban cooperative banking came into existence with the main motto of meeting the credit needs of weaker sections in urban areas of the country that have hitherto neglected by the commercial banking sector and to promote their economic position through self-reliance on the principle of equity being governed by the democratic system which is a unique in Indian banking sector. The services of urban cooperative banks in deploying credit and rendering other services are indispensable and important for qualitative improvement in the economic conditions of poor people in urban areas and thereupon social status. newlineThe urban cooperative banks mobilize their own resources from the myriad surplus income savings of weaker sections in the form of deposits for carrying on business on the sound lines with the common canon of openness to all the members. This principle has made the urban cooperative banking a vibrant in Indian cooperative movement and made rigorous progress in banking business. newline