The Urban Banks Department ( UBD ) supervises 60 Urban Cooperative Banks.
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He started Yavatmal Urban Cooperative Bank in 1965.
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Dombivli Nagari Sahakari Bank fall under Scheduled Urban Cooperative Banks in India and it regulatory body is Reserve Bank of India.
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The Radhasoami Urban Cooperative Bank and the Dayalbagh Mahila Bank cater to the financial requirements of various organizations and individuals in the colony.
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Policy banks are to be managed independently and won't compete with commercial banks, and urban cooperative banks will be set up in 35 large-and medium-size cities.
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Gandhi looks after, inter alliance Banking Operations & Development, Risk Monitoring, Supervision of NBFCs and Urban Cooperative Banks, Information Technology, Legal Matters and Expenditure & Budgetary Control.
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To increase competition, the government also will encourage the formation of " urban cooperative banks " whose market will be smaller businesses and private entrepreneurs, Chen said.
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The bank was the first urban cooperative bank in Mumbai and now has over a million patrons and 190, 000 share holders, the vast majority of which belong to the lower middle class.
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The International Finance Corp ., the private-sector arm of the World Bank, is negotiating for a stake in Shanghai City United Bank, China's largest urban cooperative bank, representatives of the IFC and the Shanghai bank said Wednesday.
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The share capital of the bank gradually increased registering the confidence of the people, encouraged Rangoonwala to convert the credit society into an Urban Cooperative Bank and on 14 February 1941, Bombay Muslim Cooperative Bank took its birth.
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