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The Maharashtra Urban Co-operative Banks’ Federation Ltd, Mumbai, a spokes-person body of all the co-operative banks in Maharashtra, is the largest & efficient Federation in India and has been playing an important role in voicing the grievances of our member banks before the appropriate forums including the Central Government, Reserve Bank of India, State Government, Commissioner of Co-operation, Registrar of Co-operative Societies, Income Tax Authorities and other related Government Bodies.

 

Federation is established on March 9, 1979 (AACS) and registered under Maharashtra Co-operative Societies Act, 1960 vide Registered No. BOM-GNL-8. It is situated at Bharatiya Krida Mandir, 4th Floor, Naigaon-Wadala Road, Mumbai – 400 031.

 

Federation works on the principle ‘NO PROFIT NO LOSS’. The activities of the Federation are carried out from subscriptions collected from its MEMBER BANKS. Out of 517 UCBs in Maharashtra as on date, 475 UCBs are the Members of the Federation. Apart from this, 18 District / Divisional Associations are also the Members of the Federation. So total members of the Federation are 493.

 

Functions of the Federation are carried out by the Representatives elected by Urban Co-operative Banks & District / Divisional Associations Group Members from Maharashtra. Board of Directors are elected after every 5 years. 13 Representatives are elected through Urban Co-operative Bank’s Group & 6 Representatives are elected through District / Divisional Associations Group. 2 Mahila Representatives are elected from State Level Mahila Reserved Election Constituency. 2 Co-opted Members are also nominated on the Board. One Executive Committee is formed through Board of Directors from every Revenue Division. Routine work & implementation of decisions/ resolutions of Executive Committee & Board Meeting is carried out by Chief Executive & Secretary in association with staff members of the Federation.

 

To protect & guide the urban co-operative banks in today’s competitive environment is the main aim of establishment of the Federation.

 

It also aims to bring awareness of various schemes offered by Central Government, State Government, Co-operation Department such as Agricultural Debt Waiver and Debt Relief Scheme – 2008, One Time Settlement, Model Bye-laws, etc.

 

Federation has been received approval as a “Recognized Training Institution” on 30, 2012 by the Commissioner of Co-operation & Registrar of Co-operative Socieities, Maharashtra State, Pune. Throughout the year Federation had imparted training to the Directors, Management and Employees of Urban Co-operative Banks on various subjects such as Revised Rating System, Model Bye-law, The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI), Regulations relating to sale of Assets to ARC , Case Laws under the SARFAESI Act, 2002, NPA Management, NPA Prudential Norms alongwith case studies. Besides the directors and Chief Executive & Secretary of the Federation delivered speeches / lectures on various subjects such as Know Your Customer (KYC), Anti-Money Laundering (AML), Prevention of Money Laundering Act (PMLA), etc.

 

Federation also conducted Seminars on “Supervisory Action Framework for Urban Co-operative Banks and Future Challenges before Urban Co-operative Banks” on 13th April, 2012 at Hotel Kohinoor, Dadar, 97th Constitutional Amendment and Proposed State Law’ on June 16, 2012 at ‘Bal Gandharva’ Theatre, in Pune.

 

Federation had arranged Training Programme in collaboration with FIU-IND, Delhi on KYC updation, Login Related Issues, Access to FINnet Gateway, Uploading the reports and Cash and Suspicious Transactions reporting to FIU-IND on January 19, 2013.

 

Shri Vidyadhar Anaskar, Hon’ble Chairman of MUCBF who is also a member of TAFCUB representing RBI, Mumbai Regional Office & Shri Kailashchandra Agrawal, Hon’ble Director of MUCBF representing in RBI, Nagpur. Shri Satyanarayan Lohiya, Hon’ble Director of MUCBF representing in Multi-State Co-operative Banks’ TAFCUB.

 
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