We urge a swift and ambitious completion of the legislative procedure to bring about certainty on this new framework. An additional element of stronger economic policy coordination for competitiveness and convergence surveillance in the euro area is the newly agreed Euro Plus Pact.
Correspondingly, deposit insurance cover was also extended by DICGC to the co-operative banks. While there has been a gradual growth in the UCB business over the period, with deposits growing from Rs 167 crore to Rs 2, 12, 031 crore and advances growing from Rs. 153 crore to Rs.