Further, out of total claims of Rs.2594.30 crore paid in respect of all the banks up to 2006-07, over 88 per cent of the amount paid was in respect of 176 UCBs alone.
However, with the added improvements in the regulatory  BIS Review 46/2008  9  comforts in the new environment of co-operation and collaboration the position of UCBs is poised to improve. Local Area Banks (LABs) 35.