As mentioned earlier, upon signing of MOU, as per the agreement, RBI constituted State Level Task Force for Urban Co-operative Banks (TAFCUB), which is a six-member body with two representatives each from State Government, UCB sector and Reserve Bank. The TAFCUBs are chaired by the respective Regional Directors of RBI and RCS is the Co-Chairperson.
TAFCUBs also have representatives of the sector who provide local level inputs on banks that are on the lookout for taking over other weak banks for expansion of business. As such, the constitution of TAFCUBs and their role in the development of the UCBs in the state on sound lines constitutes a compelling attraction for the state governments to sign the MOU with RBI.