An Umbrella Organization named National Urban Co-operative Finance and Development Corporation (NUCFDC) has been established to address the difficulties of Urban Cooperative Banks (UCBs). NUCFDC is envisaged to provide following types of fund-based support and non fund-based services to urban cooperative banks (UCBs) which are its shareholder-members.
(I) Fund based support:
- Capital support to UCBs as per regulations and guidelines & terms and conditions
- Secured credit lines on merits to UCBs to help tide over temporary liquidity mismatches
- Re-financing UCBs against their loans
- Window for emergency liquidity support to help UCBs in difficult times.
- Deposits and borrowings from UCBs and financial institutions
- Market borrowings
- Investments
(II) Non fund based services:
- A shared IT (Information Technology) platform and support to the sector and an array of IT products and services
- Treasury management services
- Payment and settlement services and credit card services as permitted by the regulator
- Capacity building though training and consultancy services in operational areas
- HR support services to banks in the sphere of search of directors, KMPs (key managerial personnel) and staff.
- Self-Regulatory Organization (SRO) role for the sector as per RBI’s guidelines.
