In an initiative to modernise and enhance the efficiency of Urban Cooperative Banks (UCBs), the National Urban Cooperative Finance and Development Corporation (NUCFDC) has launched a Business Panel comprising senior executives from UCBs across the country.
Formed as an Umbrella Organisation (UO) in March 2024, NUCFDC aims to provide fund-based and non-fund-based services, technology support and compliance solutions to strengthen UCB operations. The Business Panel will serve as an advisory body, offering critical insights, feedback and guidance to help develop innovative financial services, risk management frameworks and governance models tailored for the sector.
The panel, consisting of CEOs, CFOs, CCOs, CROs and senior officials from leading UCBs will play a pivotal role in validating new services before launch and gathering post-launch feedback; advising on loan products, treasury management, collections and compliance; exploring new business opportunities in UPI, co-branded cards, white-label ATMs and mobile banking; developing self-regulatory frameworks to enhance governance and transparency; providing expertise in IT, risk management, audit and regulatory compliance and representing UCBs in policy discussions and industry forums.
The Business Panel will meet at least once every two months, either in-person or virtually. NUCFDC will organise and manage the meetings, ensuring structured discussions and action plans. The first panel meeting is tentatively scheduled for April 2025, following confirmation of nominations.
The Business Panel members include the following:
| Sr. No. | Bank Name | Representative |
| 1 | Ajra Urban Cooperative Bank | Prashant Yashwant Gambhir |
| 2 | Alavi Cooperative Bank | Talib Davawala |
| 3 | Andhra Pradesh Mahesh Cooperative Urban Bank | Arvind Vardarajan |
| 4 | Banaskantha Mercantile Cooperative Bank, Palanpur | Bhavesh K Patel |
| 5 | Cooperative City Bank, Guwahati | Ashim Bordoloi |
| 6 | Col R.D. Nikam Sainik Sahakari Bank, Satara | Desai YA |
| 7 | Dombivli Nagrik Sahakari Bank | Ramesh S Singh |
| 8 | Gokak Urban Cooperative Credit Bank | S S Patil |
| 9 | Hubli Urban Cooperative Bank, Hubli | P B Mathapati |
| 10 | Jalgaon Janta Sahkari Bank, Jalgaon | Sanjay Nagmoti |
| 11 | Janata Sahkari Bank, Pune | Jitender Rawitkar |
| 12 | Kallappanna Awade Ichalkaranji Janata Sahakari Bank | Sanjay Shirgave |
| 13 | Kangra Cooperative Bank | Shivdarshan Kumar Sharma / Shri. Ajay Kumar Saxena |
| 14 | Mizoram Urban Cooperative Development Bank | James Hruailiana |
| 15 | Nagarik Sahakari Bank Maryadit, Vidisha | Jitenrda Kumar Jain |
| 16 | Payyoli Cooperative Urban Bank | Pradeep Kumar P |
| 17 | Pochampally Cooperative Urban Bank | Seetha Srinivas |
| 18 | Pragati Mahila Nagarik Sahakari Bank, Maryadit | Pratul P Bhelonde |
| 19 | Samata Cooperative Development Bank, Kolkata | Debasish Bhattacharjee |
| 20 | Suco Souharda Sahakari Bank | G S Ravisudhakar |
| 21 | Surat Peoples Cooperative Bank | Jatinbhai Nayak |
| 22 | Textile Cooperative Bank | Srinivasa Murthy B |
| 23 | Udaipur Mahila Samridhi Urban Cooperative Bank | Vinod Chaplot |
| 24 | Urban Cooperative Bank, Perinthalmanna | P D Sankaranarayanan |
| 25 | Urban Cooperative Bank, Bareilly | Shruti Gangwar |
| 26 | Varchcha Cooperative Bank, Surat | Vitthal B Dhanani |
| 27 | Vishweshwar Sahakari Bank | Anil BharatSeth Gadve |
| 28 | Yavatmal Urban Cooperative Bank | Ram Satishchandra Gaikwad |
With representation from 28 UCBs across India, the panel is set to be a transformative step towards enhancing financial inclusion, digital adoption and operational efficiency in the UCB sector.
This initiative underscores NUCFDC’s commitment to foster a robust and future-ready urban cooperative banking ecosystem, ensuring that UCBs remain competitive and resilient in an evolving financial landscape.
The nominations can be confirmed by emailing info@nucfdc.in.
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