Urban Cooperative Banks:Issues and Prospects
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.
Subscribe Now !
Get instant access to the complete EPW archives
New 3-Month Subscription to Digital Archives at just Rs 450 for India and $18 for overseas users.
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.