Current Affairs · Cooperative Banking Sector Reforms
In the context of recent structural reforms aimed at the cooperative banking sector, which of the following best describes the organizational framework and primary function of the National Urban Co-operative Finance and Development Corporation Limited (NUCFDC)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is a specialized Shared Services Entity (SSE) specifically named Sahakar Sarthi that provides technological and digital services to Rural Cooperative Banks.
- 2It is established as a non-deposit taking Non-Banking Financial Company (NBFC) that serves as an umbrella organization to provide IT infrastructure and operational support to Urban Cooperative Banks.✓
- 3It is a statutory regulatory body established to replace the Reserve Bank of India's oversight for Urban Cooperative Banks to ensure specialized supervision.
- 4It is a deposit-taking Non-Banking Financial Company (NBFC) that provides direct credit lines and liquidity support to stressed Urban Cooperative Banks.
Correct answer
It is established as a non-deposit taking Non-Banking Financial Company (NBFC) that serves as an umbrella organization to provide IT infrastructure and operational support to Urban Cooperative Banks.
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