Amit Shah Inaugurates NUCFDC to Modernize Cooperative Banking
Amit Shah inaugurated the National Urban Cooperative Finance and Development Corporation (NUCFDC), aiming to establish a cooperative governance model similar to corporate governance, a significant step towards enhancing the cooperative sector.
The establishment of this umbrella organization will ensure special services and functions for cooperative banks, facilitating regular communication between banks and regulators, and simplifying liquidity and capital support.
The NUCFDC's establishment signifies a pivotal step towards transforming the urban cooperative banking sector, ensuring its modernization and efficiency through self-regulation and enhanced communication between banks and regulators.
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