Growth and Financial performance of Urban Cooperative Banks in India
Urban cooperative banks play an important role in meeting the growing credit needs of urban and semi-urban areas of the country. They have traditionally concentrated on retail services, providing savings products and credit to consumers, retail traders, professionals, self employed and small and medium sized enterprises. The most significant development related to UCBs was theextension of certain provision provisions of banking Regulations Act, 1949to the cooperative societies in 1966 after that which the cooperative banks also got the benefit of deposit insurance schemes. The objectives of this paper are to access the growth and structure of cooperative credit societies in India and to study the financial and identify overall performance of UCBs in India. The study is based on Secondary data. Urban cooperative bank are an important role for the governments of inclusive growth and has come to occupy a formidable place in the Indian financial system