InvestorQ : What are Urban Cooperative Banks?
sanjana Tulsiani made post

What are Urban Cooperative Banks?

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Sadaf Khan answered.
1 year ago

Any cooperative bank located in urban or semi-urban area is known as an Urban Cooperative Bank. These are primary cooperative banks that finance small businesses.

They are registered as Cooperative Societies under the Cooperative Societies Acts of the concerned states. They get their banking license from the Reserve Bank of India, who is both the controlling and inspecting authority for urban cooperative banks