These entities often benefit from supportive umbrella structures connecting them and offering various financial solutions, both fund- and nonfund-based. Noteworthy global examples of umbrella entities include Rabobank group (The Netherlands), Crédit Agricole group (France), Raiffeisen Bank group (Austria) and similar networks operating in Australia, Canada, and the United States. However, no equivalent organisation exists in India for its nearly 1,500 urban cooperative banks (UCBs). This void might soon be filled by the newly formed National Urban Cooperative Finance and Development Corporation (NUCFDC) initiated by the National Federation of Urban Cooperative Banks and Cooperative Societies (NAFCUB). NUCFDC was launched earlier this year by Union Cooperation Minister Amit Shah.
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Esta historia es de la edición July 01, 2024 de Business Standard.
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Premium airfares soar much faster than economy class
The 'premium economy' class on domestic flights in India has transformed in the past five years, evolving from an overlooked option to a sought-after service.
PM may finalise 100-day agenda after Budget
Prime Minister Narendra Modi is likely to chair meetings of secretaries to finalise the government's 100-day agenda after the Union Budget for 2024-25, which is likely to be presented later this month.
Third term a mandate for speed, continuity: Modi
PM says working on war footing to curb paper leaks, guilty won't be spared
In the shadow of the mighty Annapurna
The unusual charm of trekking to Mardi Himal in the rainy season
Govt to organise Global IndiaAl Summit on July 3-4
The Ministry of Electronics and Information Technology will organise a global AI summit on July 3-4 to discuss issues related to artificial intelligence with India firmly committed to ethical and inclusive growth of this new-age technology.
ON THE BOIL
Why are milk prices rising when the supply is healthy?
Asset monetisation helped RIL create value: Morgan Stanley
Asset monetisation cycles have created 2-3x value for the shareholders of Reliance Industries in the last three decades, with each decade witnessing $60 billion in market cap creation, according to a report by the US-based financial services firm Morgan Stanley.
Weak steel prices rob metal sector's sheen
Slowdown in mining activity due to monsoon season will continue to remain a challenge in near-term, say analysts
MF Lite norms proposed for passive AMCs
The Securities and Exchange Board of India (Sebi) on Monday proposed to introduce a lighter version of mutual fund (MF) regulations for 'passive only' fund houses.
Clear skies ahead: Strong long-term gains for IndiGo
Long-term macro trends indicate growth in demand for air travel.
