It is encouraging to note that the Reserve Bank’s initiatives towards the revival of this sector – a unique sector blending banking and cooperation – are bearing fruit. Talking of cooperation, one cannot but recollect the glory of this wonderful district that we are in today – Kolhapur, a leading district in the cooperative movement in Maharashtra, famous for its cooperatives.
Indeed, it is a good time and place to have a detailed discussion on the evolution of the UCBs, governance issues observed in them and the challenges in the regulation and supervision of the sector.