Mumbai, Aug. 8 -- union Minister for Cooperation Amit Shah today called upon urban cooperative banks (UCBs) to adopt a broader perspective towards the Reserve Bank of India (RBI), emphasising that the central bank has, in recent years, taken several proactive measures to facilitate the growth and consolidation of the sector.
Speaking at the inauguration of the new office building of the National Urban Cooperative Finance and Development Corporation (NUCFDC) at the Bombay Stock Exchange (BSE) here, Shah said his five-year experience as Cooperation Minister had convinced him that the RBI had consistently extended support whenever the cooperative banking sector demonstrated the resolve to expand and strengthen its operations.
He cited a seri...