*Department of Commerce, CSI College of Commerce, Dharwad.
Online published on 12 November, 2011.
Co-operative movement was started for encouraging and empowering groups of individuals to forma society which would take care of the weds of its members. The concept of cooperative banking was enunciated to look after the financial and credit needs of members of such cooperative societies.
The UCBs were setup with the arrowed objective of promoting sustainably banking practices amongst a relatively specific target clientele viz the middle income started of the urban population. Being local institutions UCBs are vitally interested in local development and hence they can play an important role in mobilizing local resources and making them available locally for purposeful and productive activates conforming to the priorities as per the state or central plans. Being location specific banks they have a clearly demonstrated area of operation which enables them to serve their clientele with greater efficiency and effectiveness.
The UCBs were setup with the arrowed objective of promoting sustainably banking practices amongst a relatively specific target clientele viz the middle income started of the urban population. Being location specific banks they have a clearly demonstrated area of operation which enables them to serve their clientele with greater efficiency and effectiveness.
