Available online on www.abhinavjournal.com DEVELOPMENT IN COOPERATIVE BANKING AND FINANCIAL INCLUSION

The financial position of Urban Cooperative banks showed a varied performance in terms of important indicators such as profitability and non-performing assets.The net profits of UCB’s also reduced due to the slowdown of the Indian Economy, but there asset quality showed good performance which helped in the strengthening prudential norms and regulations. Financial Inclusion though says, to provide access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections at an affordable cost from mainstream financial institution,though succeeded in achieving some milestones like opening of no frill account, relaxation of KYC norms for small account holders, engaging business correspondents for providing financial services, upgrading technology, for delivery of social welfare schemes providing Direct benefit transfer etc., but has a long way to go in adopting an integrated approach for financial education, issue of new bank licenses, review of the cash management practices and so on