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Polity & Governance
Mahesh

23/06/22 07:02 AM IST

National Conclave of Scheduled & Multi-State Urban Co-operative Banks and Credit Societies

In News 
The Union Minister for Home Affairs and Cooperation, Shri Amit Shah will be the Chief Guest in New Delhi at the National Conclave of Scheduled & Multi-State Urban Co-operative Banks and Credit Societies on “Future Role of Urban Cooperative Credit Sector”.

About Conclave 
  • The business sessions of the Conclave will include discussions on various issues related to Scheduled & Multi-State Urban Co-operative Banks and Credit Societies and the Cooperative Credit Sector.
  • The Conclave will also felicitate Urban Cooperative Banks that have completed 100 years of service to society.
  • There are 197 such banks in the country.
  • This gives an indication of the deep roots of cooperatives and cooperative banks in the country. 
UCBs 
  • Urban Cooperative Banks are among the oldest banking institutions in the country.
  • They have been in existence for well over a century.
  • They are banks organised and managed by a cross section of people from society that could include teachers, lawyers, traders, doctors, engineers, social workers and others for providing banking services to their members.
Source- PIB 

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