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. This distinction does not hold today. These banks were traditionally centered around communities, localities work place groups. They essentially lent to small borrowers and businesses.
Today, their scope of operations has widened consider. 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 organization.
Thank you for creating the time to visit our website and learn more about our Co-operative Bank. It is a great honor for me to serve my people in another way through Malviya Urban Co-Operative Bank Ltd. I want to assure people that I and my well experienced team will give great service and a way..Read More
Firstly I want share my heartily compliments to entire our valuable members. Malviya Urban Co-Operative Bank Ltd is fully enthusiastic to our precious members and its supporters. Since its establishment we are trying to fabricate it as a model financial institution of India. Member service and facil..
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Our values define us. They guide us in building and improving our product, hiring teammates, and serving our customers.
We aim to provide our customers with top-notch service that helps them grow their business and put their best foot forward.
We hire for passion, because passionate people can overcome any obstacle and acquire any knowledge necessary.
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Our diversity and youthfulness are the sources of our strength as a team and shape our views.
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