National Urban Cooperative Finance and Development Corporation Limited

Published on 15 Apr 2025

•  The Union Home Minister and Minister of Cooperation inaugurated the umbrella organisation for Urban Cooperative Banks (UCBs), the National Urban Cooperative Finance and Development Corporation Limited (NUCFDC).
•  The main objective of NUCFDC is to help UCBs adhere to the Banking Regulations Act and bring professionalism in their work.
• NUCFDC has received RBI’s approval to function as a non-banking finance company and a self-regulatory organisation for the urban cooperative banking sector.
• There are more than 1,500 UCBs with 11,000 branches, having a deposit of ₹5 lakh crore and credit base of ₹3.50 lakh crore across the country.

Keywords:

NUCFDC Cooperatives Urban local governance Public investment models Urban local bodies Municipal bonds