Urban Cooperative Banks: Issues and Prospects

Author: Vidya Pitre
Publication: EPW, April 2003

Abstract: Against the backdrop of a review of the performance of the urban cooperative banks (UCBs), this article discusses the issues raised by the recent turbulence in the sector typified by the Madhavpura Bank episode and its fallout. From the regulators’ point of view, the agenda for reform of UCBs is fourfold: aligning the UCB sector with the rest of the financial system, deciding the future of weak bank entities, improving governance and resolving the issues arising from dual control.

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