Co Operative Sector Bank and Financial Reforms
A study on the Urban Cooperative Banks Success and growth – Statistical Analysis
MR VIVEK KUMAR TIWARI
ASSISTANT PROFESSOR CAREER GIRLS DEGREE COLLEGE LUCKNOW UP; Abstract - Urban co-operative banks ranked a very significant position in the Indian banking sector. Competent management is prerequisite for the success of any organization. At present highly competitive and globalized business environment, there is an urgent need of professional management for the successful controlling and managing the affairs of the urban co-operative banks. Increasing political hindrance in co-operatives has also affected the strong growth of the cooperative organization. In order to make the management of these banks professional and managing the affairs of these banks on scientific lines, there are several institutions which are directly or indirectly connected involved in imparting education and training to all levels of management. It is hoped that the State Governments will not delay acceptance of the recommendations made by the RBI. In view of the financial sector reforms and de-regulation, Urban Co-operative Banking Sector should be right away freed from restrictive provisions of co-operative Acts so as to make them self- reliant and self- supporting. The purpose of this paper examines the growth and success of the urban cooperative banks through statistical analysis. Key words - significant, urgent, imparting, restriction.
I. INTRODUCTION The Urban Co-operative Banks (UCB’s) have to play an important role in meeting the requirements of small traders, weavers, agriculturists and other lower and middle income group of people. Recently, the UCB’s have been directed to concentrate their efforts towards the industrial development and other priority sectors of the economy. In order to achieve the above objectives, the UCB’s have to make proper credit planning and available financial resources must be allocated properly for such purpose. The progress of the Urban
MR VIVEK KUMAR TIWARI
ASSISTANT PROFESSOR CAREER GIRLS DEGREE COLLEGE LUCKNOW UP; Abstract - Urban co-operative banks ranked a very significant position in the Indian banking sector. Competent management is prerequisite for the success of any organization. At present highly competitive and globalized business environment, there is an urgent need of professional management for the successful controlling and managing the affairs of the urban co-operative banks. Increasing political hindrance in co-operatives has also affected the strong growth of the cooperative organization. In order to make the management of these banks professional and managing the affairs of these banks on scientific lines, there are several institutions which are directly or indirectly connected involved in imparting education and training to all levels of management. It is hoped that the State Governments will not delay acceptance of the recommendations made by the RBI. In view of the financial sector reforms and de-regulation, Urban Co-operative Banking Sector should be right away freed from restrictive provisions of co-operative Acts so as to make them self- reliant and self- supporting. The purpose of this paper examines the growth and success of the urban cooperative banks through statistical analysis. Key words - significant, urgent, imparting, restriction.
I. INTRODUCTION The Urban Co-operative Banks (UCB’s) have to play an important role in meeting the requirements of small traders, weavers, agriculturists and other lower and middle income group of people. Recently, the UCB’s have been directed to concentrate their efforts towards the industrial development and other priority sectors of the economy. In order to achieve the above objectives, the UCB’s have to make proper credit planning and available financial resources must be allocated properly for such purpose. The progress of the Urban