Description
NIPA Training Module on Rural Cooperative Banking (Fostering Inclusive Finance through Business Diversification) by Coordination: Sudhir Mahajan & Smt Savitri Singh Content Developers: V K Dubey & Sagar Kisan Wadkar
The function of rural cooperative banks (RCBs) in the past has been to meet the financial needs of those who are underserved, playing a crucial role at the local level. It is essential for RCBs to adapt to the changing dynamics in rural areas and address both supply and demand aspects in order to innovate, transform, and expand their financial activities. This module offers a thorough understanding of the significance of RCBs in the banking sector. The module is designed to enhance the awareness and comprehension of both existing and potential members. The module delves into the business model of RCBs, covering its theoretical framework, operational features, compliance requirements, and the importance of business diversification and marketing partnerships. The module offers a comprehensive knowledge of the various dimensions of the sector, providing a deeper understanding of the roles and functions of RCBs in the economic landscape and their alignment with the emerging national priorities.