{"id":21172,"date":"2024-03-03T09:24:58","date_gmt":"2024-03-03T03:54:58","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=21172"},"modified":"2025-04-06T10:21:21","modified_gmt":"2025-04-06T04:51:21","slug":"nucfdc","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/nucfdc\/","title":{"rendered":"National Urban Co-operative Finance and Development Corporation"},"content":{"rendered":"<h2>About National Urban Co-operative Finance and Development Corporation<\/h2>\n<ul>\n<li>It is the\u00a0umbrella organisation for the\u00a0Urban Cooperative Banks.<\/li>\n<li>Aim: It aims to ensure\u00a0specialized functions and\u00a0services to cooperative banks, facilitate communication between banks and regulators, and address challenges faced by Urban Cooperative Banks.<\/li>\n<li>Also to\u00a0modernize and strengthen the Urban Cooperative Banking Sector, which will benefit both the banks and their customers.\u00a0<\/li>\n<li>It has received a\u00a0Certificate of Registration from the\u00a0Reserve Bank of India to operate as a Non-Banking Finance Company<\/li>\n<li>It will also operate as a\u00a0Self-Regulatory Organisation for the sector.<\/li>\n<\/ul>\n<h2>Key facts about Urban Cooperative Banks<\/h2>\n<ul>\n<li>Urban Cooperative Banks (UCBs) are registered as cooperative societies under the provisions of, either the\u00a0State Cooperative Societies Act of the State concerned or the\u00a0Multi State Cooperative Societies Act, 2002.<\/li>\n<li>They are regulated and supervised by the\u00a0Registrar of Cooperative Societies (RCS) of State concerned or by the\u00a0Central Registrar of Cooperative Societies (CRCS), as the case may be.<\/li>\n<li>They primarily operate in urban and semi-urban regions of India.<\/li>\n<li>Functions:\n<ul>\n<li>These entities cater to banking requirements of small businesses, individuals, and communities.<\/li>\n<li>Services include deposit accounts, loans, remittances, and other financial products and services.<\/li>\n<\/ul>\n<\/li>\n<li>At present, there are over 1,500 scheduled and non-scheduled Urban Cooperative Banks in India.<\/li>\n<\/ul>\n<hr \/>\n<h3>Q1) What is a Regional Rural Bank (RRB)?<\/h3>\n<p>Regional Rural Banks (RRB) are Indian Scheduled Commercial Banks ( Government Banks) operating at regional level in different states of India. They have been created with a view of serving primarily the rural areas of India with basic banking and financial services.<\/p>\n<p><strong>Source:<\/strong> <a href=\"https:\/\/newsonair.gov.in\/News?title=Home-Minister-Amit-Shah-to-inaugurate-National-Urban-Cooperative-Finance-and-Development-Corporation-in-New-Delhi&amp;id=478300\" target=\"_blank\" rel=\"nofollow noopener\"><u>Home Minister Amit Shah launches National Urban Co-operative Finance and Development Corporation Limited in New Delhi<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>National Urban Co-operative Finance and Development Corporation is the umbrella organisation for the Urban Cooperative Banks.<\/p>\n","protected":false},"author":5,"featured_media":21173,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-21172","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/21172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=21172"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/21172\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/21173"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=21172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=21172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=21172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}