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.
![Cooperation Minister Amit Shah to launch NUCFDC on March 2](https://cdn.zeebiz.com/sites/default/files/2024/02/26/282094-nafcub.jpg?im=FitAndFill=(1200,900))
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.