Urban Cooperative Banking (UCBs) Sector is going through a most difficult phase at present. It is high time that authorities concerned with Urban Cooperative Banking sector realise that only fittest will survive. They also need to see that
aspirations of their Sector are nurtured in a manner so that the interest of Members, Customers and Public at large is protected. At the same time, it is equally important to comply with requirements of regulatory agencies which are trying to put in place systems and mechanisms that would enable UCBs to perform their banking functions in the interest of public. This could only be possible by radical transformations in a way UCBs are functioning today and most importantly adopting Information and Communication technology on a larger scale.
No comments:
Post a Comment