NUCFDC (National Urban Cooperative Finance and Development Corporation) is the apex Umbrella Organisation (UO) for Urban Cooperative Banks (UCBs) in India, registered with the Reserve Bank of India in February 2024. It provides fund-based and non-fund-based services to strengthen, modernise, and support UCBs across India.

What services does NUCFDC offer to Urban Cooperative Banks?

NUCFDC offers fund-based services including liquidity support, capital infusion, refinancing, and loans & advances. Non-fund-based services include IT infrastructure, vCISO cybersecurity, compliance monitoring, risk-based internal audits, core banking solutions (Sahakar CBS), cloud services, training (Sahakar Paathshala), legal advisory, and disaster recovery.

How can a UCB become a shareholder of NUCFDC?

Urban Cooperative Banks can become shareholders of NUCFDC by visiting the Shareholders section at nucfdc.in/shareholders or logging into the shareholders portal. NUCFDC has a paid-up capital of Rs. 117.95 crore with a target of Rs. 300 crore.

Is NUCFDC registered with the RBI?

Yes. NUCFDC is registered with the Reserve Bank of India (RBI) and has been operating as the apex Umbrella Organisation for Urban Cooperative Banks since February 2024. It is working towards becoming a Self-Regulatory Organisation (SRO) for the UCB sector.

How does NUCFDC support digital transformation of UCBs?

NUCFDC supports digital transformation through Sahakar CBS (Core Banking Solution), Sahakar Cloud, '.bank.in' domain migration, UPI/IMPS/NEFT/RTGS implementation, cybersecurity services (vCISO), Sahakar Resiliency Service for disaster recovery, and IT consulting services for UCBs.

NUCFDC | Empowering Urban Cooperative Banks Across India

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29 Jul 2025 By

Agreement between NUCFDC-IIA India

NUCFDC CEO Shri Prabhat Chaturvedi, in an exclusive conversation with NDTV

The conversation highlights NUCFDC’s vision to bring more Urban Cooperative Banks (UCBs) under a common support framework, strengthen governance, enhance institutional capabilities, and build a more resilient and future-ready cooperative banking ecosyste

Union Home and Cooperation Minister Shri Amit Shah inaugurated the new premises of NUCFDC in Mumbai and addressed the ‘Sahakar Nav-Kranti’ program.

RBI has proactively helped urban cooperative banks; cooperatives should look at regulator differently: Amit Shah

Amit Shah urged urban cooperative banks to adopt a more constructive approach towards the RBI, saying the central bank has proactively supported the sector through measures such as easier branch expansion,

RBI to re-start issuing fresh licences for setting up Urban Co-op Banks

Only existing multi-state Credit Co-op Societies with at least 10 years of operations, having a deposit size of at least ₹10,000 crore and minimum net worth of at least ₹300 crore are eligible to apply

NUCFDC Brochure

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NUCFDC CEO Shri Prabhat Chaturvedi, in an exclusive conversation with NDTV

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RBI has proactively helped urban cooperative banks; cooperatives should look at regulator differently: Amit Shah

RBI to re-start issuing fresh licences for setting up Urban Co-op Banks