Urban Cooperative Banks (UCBs)

Urban Cooperative Banks (UCBs), which are primary cooperative banks in urban and semi-urban areas, are registered under either the State Cooperative Societies Act or the Multi-State Cooperative Societies Act, 2002.

About the Urban Cooperative Banks (UCBs):

• Urban Cooperative Banks (UCBs), which are primary cooperative banks in urban and semi-urban areas, are registered under either the State Cooperative Societies Act or the Multi-State Cooperative Societies Act, 2002, and are categorized into four tiers by the RBI’s regulatory framework.
• The DICGC, established under the DICGC Act of 1961, covers all commercial banks, including foreign bank branches in India, local area banks, regional rural banks and UCBs.

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