Since then there has been phenomenal growth in terms of their numbers, size and scale of operations. As at the end of 1996, the number of UCBs increased to 1501 and their deposits and advances rose significantly to ₹ billion and ₹ billion.
The UCBs continued to grow at a fast pace till 2003, when their number increased to 1941 and their deposits and advances to ₹ billion and ₹ billion respectively. Subsequently, the number of UCBs declined in 2006 to 1853 due to the consolidation efforts we have undertaken to address the weaknesses in the UCB sector.