Current Affairs - Banking - Discussion

The Reserve Bank of India (RBI) has allowed non-fund-based Umbrella organisations(UO) at State levels to revive India's co-operative banking sector. It would conduct non-fund activities in the areas of training, capacity building and IT infrastructure and research. Gujarat is the first State in the country to have an UO for the UCB sector. Along with this, it is conducting a two-day conference and exhibition of co-operative banking sector under the name Sahakar Setu 2018, in Ahmedabad, from August 4-5.