Cooperation Minister Amit Shah to launch NUCFDC on March 2
The National Federation of Urban Co-operative Banks and Credit Societies (NAFCUB) -- the apex body of the urban cooperative banks -- has obtained the Certificate of Registration (CoR) for NUCFDC from the RBI (Reserve Bank of India) to function as a Non-banking Financial Company (NBFC). "NUCFDC is a game changer for the UCB sector.
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With a share capital of over Rs 119 crore subscribed by the urban banks, the NUCFDC has been issued CoR to function as NBFC by RBI. Image Courtesy: File.