TNAU Agritech Portal :: Banking & Credit

Banking & Credit :: URBAN CO-OPERATIVE BANKS (UCBs)

Urban co-operative banks are registered under Co-operatives Societies Act of the respective State Governments. Prior to 1966, UCBs were exclusively under the purview of State Governments.

History of Urban Cooperative Banks in India

The term Urban Co-operative Banks (UCBs), though not formally defined, refers to primary cooperative banks located in urban and semi-urban areas. These banks, till 1996, were allowed to lend money only for non-agricultural purposes. They essentially lend to small borrowers and businesses. Today, their scope of operations has widened considerably.

The origins of the urban cooperative banking movement in India can be traced to the close of nineteenth century when, inspired by the success of the experiments related to the cooperative movement in Britain and the cooperative credit movement in Germany such societies were set up in India. Cooperative societies are based on the principles of cooperation, - mutual help, democratic decision making and open membership. Cooperatives represented a new and alternative approach to organization as against proprietary firms, partnership firms and joint stock companies which represent the dominant form of commercial organisation.

The first study of Urban Co-operative Banks was taken up by RBI in the year 1958-59. The Report published in 1961 acknowledged the widespread and financially sound framework of urban co-operative banks; emphasized the need to establish primary urban cooperative banks in new centers and suggested that State Governments lend active support to their development. In 1963, Varde Committee recommended that such banks should be organised at all Urban Centres with a population of 1 lakh or more and not by any single community or caste. The committee introduced the concept of minimum capital requirement and the criteria of population for defining the urban centre where UCBs were incorporated.

Recent Developments

Over the years, primary (urban) cooperative banks have registered a significant growth in number, size and volume of business handled. As on 31st March, 2003 there were 2,104 UCBs of which 56 were scheduled banks. About 79 percent of these are located in five states, - Andhra Pradesh, Gujarat, Karnataka, Maharashtra and Tamil Nadu.

Priority Sector Lending

UCBs are required to channelize 60 per cent of total loans and advances towards priority sector. Furthermore, within the priority sector lending, lending to weaker sections should constitute 15 per cent of the total loans and advances of UCBs. Fulfilment of priority sector lending targets by individual UCBs are taken into consideration by the RBI while granting permission for branch expansion, expansion of areas of operation, scheduled status, etc.

	TAMIL NADU
1	Abiramam Co-operative urban bank ltd.,	39, Muslim bazaar, Abiramam Ramanathapuram District, (Tamil Nadu).
2	Ambasamudram Co-op. Urban bank ltd.,	27, East Car Street, Ambasamudram, Tirunelveli District, Ambasamudram
3	Ammapet Urban Co-Operative Bank ltd.,	134, Cuddalore Main Road, Ammapet, Salem-3. Tamil Nadu.
4	Arantangi Co-operative Town Bank Ltd.,	Door no.127, Pudukkottai road, Arantangi Post and Taluk Pudukkottai Dist
5	Ariyalur Co-operative Urban Bank Ltd.,	No.15 b, Perumal Kovil Street Ariyalur. Tiruchirapalli District. Tamilnadu.6
6	Arkonam Co-operative Urban Bank ltd.,	Door no.8, Kamarajar Street North Arcot District, Arkonam 631001.Tamilnadu
7	Arni Co-operative Town Bank ltd.,	No.797, Gandhi Market Road, ( I st Floor), ( Opposite to Lakshmi Theatre) Villupuram
8	Attur town Co-op. Bank ltd.	78, Arunagirinathar Street Attur Salem. 636102
9	B.H. E. Employees' Cooperative Bank Ltd	Tiruchirapalli, 620014 Tamilnadu
10	B.Komarapalayam Co-op.Urban Bank Ltd.,	405,Komarapalayam p.o.Tiruchengodul. Namakkal dist b.Komarapalayam.
11	Batlagundu Co-Operative Urban Bank Ltd.	Batlagundu Village, P.O. Nilakottai Taluk Tamil Nadu
12	Bhavanikudal Co-operative Urban Bank Ltd	P.B.No.30, Bhavani Periyar District. Bhavani-Kudal 638301 Tamilnadu
13	Bhupathiraju Co-op. Credit Bank ltd.,	408, Tenkasi Road, Rajapalayam Kamarajar District Tamil Nadu
14	Big Kancheepuram Co-op. Town bank ltd.,	90-91, Nellukara Street Kancheepuram,631502 (Tamil Nadu)
15	Chengalpattu Co-operative Urban Bank Ltd	1, Rajaji Street Chengalpattu town, Chengalpattu dist.,603001
16	Chennai Central Co-Operative Bank Ltd.,	114/1,Prakasam Salai Chennai , 600108 Tamil Nadu
17	Chennai Port Trust Employees Coop Bank Ltd	37-b,Sembudoss Street, Madras 600001 Tamil Nadu
18	Chennimalai Co-operative Urban Bank Ltd.	No.pe8, Chennimalai, Periyar District, Tamil Nadu Chennimalai 638051
19	Coimbatore Central Co-op. Bank ltd.,	7/72, State Bank Road Coimbatore. 641018 Tamil Nadu
20	Coimbatore City Co-operative Bank Ltd.,	7/39, Dr.Nanjappa Road, Coimbatore, Tamil Nadu .Coimbatore 641018
21	Coonoor Co-operative Urban Bank ltd.,	Mount road, Coonoor, Nilgiris District ,Tamil Nadu. 643102
22	Cordite Factory Co-operative Bank ltd.,	Aruvankadu, Nilgiris , dist- Nilgiris Tamilnadu 643202
23	Cuddalore & Villipuram d.c Co-op. bank	Op.Bank Emplyoees Co-op Bank ltd. no.25, Sanjeevirayan Koil Street Cuddalore
24	Cuddalore District Central Co-op.bank lt	Beach road Pudupalayam, Cuddalore, 607001 Tamilnadu
25	Dalmiapuram Employees Co-operative bank	Dalmiapuram, Tiruchirapalli district, Tamil nadu
26	Dharapuram Co-operative Urban Bank Ltd.,	20,21 and 23-c, Cloth Bazaar .st. Dharapuram Coimbatore dist. Tamil Nadu
27	Dharmapuri Central Co-operative Bank Ltd	13-21-8, Appavu Nagar P.B.no.16, Dharmapuri, 636701 Tamilnadu
28	Dharmapuri Co-operative Town Bank Ltd.,	63-a t.m.Duraiswamy Naidu Street Dharmapuri Tamil nadu
29	Dindigul D.C.C Bank Ltd.	1-15, Vivekananda Nagar Trichy road, Dindigul, 624007 Tamil Nadu
30	Dindigul Urban Co-Operative Bank ltd.,	Narayana Iyer Buildings Dindigul Tamil Nadu
31	Erode Co-operative Urban Bank Ltd.,	no.2, Court Street ,P.B.No.42, Erode, Tamil Nadu.
32	Erode District Central Co-op. Bk Ltd.	No.Pe1, Periyar Street, Erode, 638001 Tamilnadu
32	Erode District Central Co-op. Bk Ltd.	No.Pe1, Periyar Street, Erode, 638001 Tamilnadu