Urban cooperative banks – cooperative credit societies working at grass root levels
Cooperative societies formed with the sole purpose of granting credit facilities in urban areas called as Urban Cooperative banks. These banks created to encourage lower/ middle-class people about the habit of depositing their savings into the cooperative banks of India. They also support self-employment activities of lower/ middle-class people by providing small amounts of credit for a short-term period. Urban Cooperative Banks controlled by the Reserve Bank of India under the provisions of Banking Regulation Act, 1949. These banks are also known as primary cooperative banks and registered under the State cooperative societies Act or Multistate cooperative societies Act, 2002. Apnasahakari bank and Ahmedabad Mercantile bank are some of the prime examples. Get the list of Types of Banks in India from here.
Distinctive traits of Urban cooperative banks in India
- These banks supervised by State Registrar of cooperative societies (SRCS) or Central registrar of cooperative societies in the case of multi-state Urban Co-operative banks.
- Urban Co-op banking operations are limited to a city or town.
- Banking activities such as licensing of new branches, interest rate, loan and investment policies governed by the guidelines of Reserve Bank of India.
- Urban Cooperative banks focus on small borrowers with short-term needs.
Primary goals to be achieved by Urban cooperative banks in India
- Promote the habit of savings amongst the lower/ middle classes and connect them to regulated banking channels.
- Inculcate the culture of self-help by providing financial assistance to unemployed urban youth.
- Have direct interaction with farmers, artisans, salaried class, etc
List of Scheduled Urban Cooperative Banks in India- UCBs:
| 1 | Abhyudaya Co-operative Bank |
| 2 | Adhyapaka Urban Co-operative Bank |
| 3 | Akhand Anand Co-Op Bank |
| 4 | Akola Janata Commercial Co-operative Bank |
| 5 | Akola Urban Co-operative Bank |
| 6 | Ahmedabad Mercantile Co-Op Bank |
| 7 | Andhra Pradesh Mahesh Co-Op Urban Bank |
| 8 | Apna Sahakari Co-Op Bank Ltd |
| 9 | Bassein Catholic Co-operative Bank |
| 10 | Bharat Co-operative Bank (Mumbai) |
| 11 | Bharati Sahakari Bank |
| 12 | Bombay Mercantile Co-operative Bank |
| 13 | Citizencredit Co-operative Bank |
| 14 | Dombivli Nagari Sahakari Bank Ltd |
| 15 | Eenadu Urban Co-operative Bank |
| 16 | Goa Urban Co-operative Bank |
| 17 | Gopinath Patil Parsik Janata Sahakari Bank |
| 18 | Greater Bombay Co-operative Bank |
| 19 | Indian Mercantile Co-operative Bank |
| 20 | Kalupur Commercial Coop. Bank |
| 21 | Jalgaon Janata Sahakari Bank |
| 22 | Janakalyan Sahakari Bank |
| 23 | Janalaxmi Co-operative Bank |
24 |
Janata Sahakari Bank |
| 25 | Janaseva Sahakari Bank Ltd.,Pune |
| 26 | Junagadh Commercial Co-operative Bank |
| 27 | Kallappanna Awade Ichalkaranji Janata Sahakari Bank |
| 28 | Kalyan Janata Sahakari Bank |
| 29 | Karad Urban Co-operative Bank |
| 30 | Khamgaon Urban Co-operative Bank |
| 31 | Mahanagar Co-operative Bank |
| 32 | Mattancherry Sarvajanik Co-operative Bank |
| 33 | Mapusa Urban Co-operative Bank of Goa |
| 34 | Mehsana Urban Co-Op Bank |
| 35 | Muneshwra Swamy BANK |
| 36 | Nagar Urban Co-operative Bank |
| 37 | Nagpur Nagrik Sahakari Bank |
| 38 | Nasik Merchant’s Co-operative Bank |
| 39 | North 24 Parganas Co-Operative(Bank) Society Private Limited; |
| 40 | New India Co-operative Bank |
| 41 | Nutan Nagarik Sahakari Bank |
| 42 | NKGSB Co-operative Bank |
| 43 | Rajdhani Nagar Sahkari Bank |
| 44 | Rupee Co-operative Bank |
| 45 | Pravara Sahakari Bank |
| 46 | Punjab & Maharashtra Co-operative Bank |
| 47 | Rajkot Nagrik Sahakari Bank |
| 48 | Rajkot District Co-Op Bank |
| 49 | Sangli Urban Co-operative Bank |
| 50 | Saraswat Co-operative Bank |
| 51 | Sardar Bhiladwala Pardi Peoples Coop Bank |
| 52 | Shamrao Vithal Co-operative Bank |
| 53 | Shikshak Sahakari Bank |
| 54 | Solapur Janata Sahakari Bank |
| 55 | Surat Peoples Coop Bank |
| 56 | Thane Bharat Sahakari Bank |
| 57 | The Bangalore City Co-Op Bank Ltd |
| 58 | THE Jaynagar Mozilpur People’s Co-operative Bank Ltd. |
| 59 | The Kapole Co-operative Bank |
| 60 | The Surat District Co-Op Bank Ltd |
| 61 | THE SUTEX CO-OP. BANK LTD. |
| 62 | TJSB Sahakari Bank |
| 63 | The Varachha Co-op Bank Ltd., Surat |
| 64 | Zoroastrian Co-operative Bank |
| 65 | Rohit Kataria Co-operative Bank |
| 66 | Sangli District Primary Teachers Bank Ltd, Sangli |
| 67 | Chartered Mercantile M.B. Ltd, Lucknow, U.P. |
| 68 | Lic of india staff co operative bank. H.O Pattom Thiruvananthapuram |
| 69 | The Bardoli Nagarik Sahakari Bank Ltd |
For more details, visit: https://www.rbi.org.in/scripts/fun_urban.aspx