India, Nov 7 : Efforts are underway to strengthen and reform cooperative banks, with a focus on digitalisation and enhancing the efficiency of smaller banks in the sector.
In this context, the National Federation of Urban Co-operative Banks and Credit Societies (NAFCUB) is hosting an international conference on the urban cooperative credit sector, “Co-op Kumbh 2025,” in New Delhi on November 10-11. The event will be inaugurated by Union Minister of Cooperation, Amit Shah.
NAFCUB, the apex body representing over 1,500 Urban Cooperative Banks (UCBs) and nearly 60,000 Credit Societies across India, aims to drive innovation and reform in the cooperative finance space.
Addressing a press conference on Thursday, NAFCUB President Laxmi Dass said, “Co-op Kumbh 2025 is not merely a conference, but a collective movement to re-imagine cooperative finance in the digital era. Through dialogue, innovation, and shared vision, we aim to empower communities and strengthen the cooperative foundation of financial inclusion in India.”
A key highlight of the event will be the adoption of the “Delhi Declaration 2025 Roadmap to 2030,” a visionary policy document outlining strategies to enhance governance, capital adequacy, risk management, and digital inclusion across cooperative institutions.