Strategy for development of urban cooperative banks

In the traditional sense, banking means receiving deposits and lending financial resources. However, the concept of banking has undergone considerable changes in the recent years all over the world. This change is not confined to lending operations only but there are changes ia resource mobilisation, functioning etc. The steady growth in the number of banking services rendered has created new dimensions. Further, the diversified demand on the part of the customers has also created such new dimensions to innovative banking.

The socio economic and political compulsions in India have brought significant changes in the banking industry. The urban cooperative banks which are significant compo nents of our monetary system have got to think of new strategies for their stable growth in future. They have to think, plan and design new ideas. To be more effective and relevant to the future requirements, the urban cooperative banks have to adopt new strategies for development.

This is why, considering this timely need of the urban cooperative banks, CTC., Trivandrum organised a seminar on "Strategies for development" for the planners. and the policy makers of urban cooperative banks from 21st to 23rd December, 1987. The seminar had the partici pation of 162 directors representing urban cooperative banks in Karnataka, Andhra Pradesh, Tamilnadu and Kerala. The various components in the urban cooperative banks which need a new strategy were discussed in the seminar. Emin ent authors from different areas in the country had presen ted the papers. The present volume is the outcome of that seminar on "Strategies for the development of urban co operative banks".