Question
Who inaugurated the National Urban Cooperative Finance
and Development Corporation Limited (NUCFDC) in New Delhi?Solution
• The Union Home Minister and Minister of Cooperation, Amit Shah inaugurated the National Urban Cooperative Finance and Development Corporation Limited, an umbrella organisation for urban cooperative banks. • The organisation will boost development of urban cooperative banks. • A major role for the umbrella organisation is to prepare small banks for compliance with the Banking Regulation Act.
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