What is an urban cooperative bank? EXPLAINTS FUNCTIONS
Answers
Answer:
Urban Co-operative Banks (UCBs) occupies an important place among the Non-Agricultural Credit Society. They cater to the credit needs of people residing in Urban areas. They advance loans mostly to the small traders, Assistant and monthly income group people. They also advance against gold, silver and produce.
Explanation:
you please follow me
Answer:
Definition!!!!
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 were traditionally centred around communities, localities work place groups. They essentially lent to small borrowers and businesses.
Explanation!!!
Urban Co-operative Banks (UCBs) occupies an important place among the Non-Agricultural Credit Society. They cater to the credit needs of people residing in Urban areas. They advance loans mostly to the small traders, Assistant and monthly income group people. They also advance against gold, silver and produce.
hope it helps!!!