List of Urban cooperative banks in India

urban cooperative banks of india

Urban cooperative banks – cooperative credit societies working at grass root levels

Cooperative societies formed with the sole purpose of granting credit facilities in urban areas called as Urban Cooperative banks. These banks created to encourage lower/ middle-class people about the habit of depositing their savings into the cooperative banks of India. They also support self-employment activities of lower/ middle-class people by providing small amounts of credit for a short-term period. Urban Cooperative Banks controlled by the Reserve Bank of India under the provisions of Banking Regulation Act, 1949. These banks are also known as primary cooperative banks and registered under the State cooperative societies Act or Multistate cooperative societies Act, 2002. Apnasahakari bank and Ahmedabad Mercantile bank are some of the prime examples. Get the list of Types of Banks in India from here.

Distinctive traits of Urban cooperative banks in India

  1. These banks supervised by State Registrar of cooperative societies (SRCS) or Central registrar of cooperative societies in the case of multi-state Urban Co-operative banks.
  2. Urban Co-op banking operations are limited to a city or town.
  3. Banking activities such as licensing of new branches, interest rate, loan and investment policies governed by the guidelines of Reserve Bank of India.
  4. Urban Cooperative banks focus on small borrowers with short-term needs.

Primary goals to be achieved by Urban cooperative banks in Indiaurban co-op banks list

  • Promote the habit of savings amongst the lower/ middle classes and connect them to regulated banking channels.
  • Inculcate the culture of self-help by providing financial assistance to unemployed urban youth.
  • Have direct interaction with farmers, artisans, salaried class, etc

List of Scheduled Urban Cooperative Banks in India- UCBs:

1Abhyudaya Co-operative Bank
2Adhyapaka Urban Co-operative Bank
3Akhand Anand Co-Op Bank
4Akola Janata Commercial Co-operative Bank
5Akola Urban Co-operative Bank
6Ahmedabad Mercantile Co-Op Bank
7Andhra Pradesh Mahesh Co-Op Urban Bank
8Apna Sahakari Co-Op Bank Ltd
9Bassein Catholic Co-operative Bank
10Bharat Co-operative Bank (Mumbai)
11Bharati Sahakari Bank
12Bombay Mercantile Co-operative Bank
13Citizencredit Co-operative Bank
14Dombivli Nagari Sahakari Bank Ltd
15Eenadu Urban Co-operative Bank
16Goa Urban Co-operative Bank
17Gopinath Patil Parsik Janata Sahakari Bank
18Greater Bombay Co-operative Bank
19Indian Mercantile Co-operative Bank
20Kalupur Commercial Coop. Bank
21Jalgaon Janata Sahakari Bank
22Janakalyan Sahakari Bank
23Janalaxmi Co-operative Bank
24
Janata Sahakari Bank
25Janaseva Sahakari Bank Ltd.,Pune
26Junagadh Commercial Co-operative Bank
27Kallappanna Awade Ichalkaranji Janata Sahakari Bank
28Kalyan Janata Sahakari Bank
29Karad Urban Co-operative Bank
30Khamgaon Urban Co-operative Bank
31Mahanagar Co-operative Bank
32Mattancherry Sarvajanik Co-operative Bank
33Mapusa Urban Co-operative Bank of Goa
34Mehsana Urban Co-Op Bank
35Muneshwra Swamy BANK
36Nagar Urban Co-operative Bank
37Nagpur Nagrik Sahakari Bank
38Nasik Merchant’s Co-operative Bank
39North 24 Parganas Co-Operative(Bank) Society Private Limited;
40New India Co-operative Bank
41Nutan Nagarik Sahakari Bank
42NKGSB Co-operative Bank
43Rajdhani Nagar Sahkari Bank
44Rupee Co-operative Bank
45Pravara Sahakari Bank
46Punjab & Maharashtra Co-operative Bank
47Rajkot Nagrik Sahakari Bank
48Rajkot District Co-Op Bank
49Sangli Urban Co-operative Bank
50Saraswat Co-operative Bank
51Sardar Bhiladwala Pardi Peoples Coop Bank
52Shamrao Vithal Co-operative Bank
53Shikshak Sahakari Bank
54Solapur Janata Sahakari Bank
55Surat Peoples Coop Bank
56Thane Bharat Sahakari Bank
57The Bangalore City Co-Op Bank Ltd
58THE Jaynagar Mozilpur People’s Co-operative Bank Ltd.
59The Kapole Co-operative Bank
60The Surat District Co-Op Bank Ltd
61THE SUTEX CO-OP. BANK LTD.
62TJSB Sahakari Bank
63The Varachha Co-op Bank Ltd., Surat
64Zoroastrian Co-operative Bank
65Rohit Kataria Co-operative Bank
66Sangli District Primary Teachers Bank Ltd, Sangli
67Chartered Mercantile M.B. Ltd, Lucknow, U.P.
68Lic of india staff co operative bank. H.O Pattom Thiruvananthapuram
69The Bardoli Nagarik Sahakari Bank Ltd

For more details, visit: https://www.rbi.org.in/scripts/fun_urban.aspx