The Governor, Reserve Bank of India (RBI) had held a meeting with the National Federation of Urban Co-operative Banks and Credit Societies Limited (NAFCUB), Federations of UCBs from certain states and the CEOs of select UCBs on May 12, 2023. As indicated in the meeting, and with a view to bringing about closer coordination and focused interaction with the federations in respect of policy/ regulatory issues concerning the UCB sector, it has been decided to designate the Chief General Manager, Department of Regulation as a nodal point of contact to interface with the UCBs and other concerned entities on sector level matters. The designated senior official will hold a formal interaction with the representatives of UCBs/ federations quarterly. The contact details of the nodal officer are as below:

The Chief General Manager will act as a nodal point for coordinating all policy related references from the UCB sector / federations. Individual bank related matters will continue to be dealt under existing mechanism.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2023-2024/282