Urban Cooperative Banks

Why it matters

• They promote financial inclusion by catering to segments often underserved by larger commercial banks.
• They facilitate local economic development by mobilizing savings and providing credit within the community.
• They operate on a democratic management structure where members have a say in the bank's governance.

How it is asked

Focus on the dual regulation structure involving the Registrar of Cooperative Societies and the Reserve Bank of India, the application of Banking Regulation Act provisions to these entities, and the challenges related to governance, professional management, and asset quality.