Urban co-op banks need to focus on symmetric development, adopt modern banking methods: Shah

Updated: few hours ago

New Delhi, Jun 23 (PTI) Cooperation Minister Amit Shah on Thursday said urban cooperative banks need to focus on symmetric development and adopt modern banking methods to stay in competition.

He emphasised on the reforms in urban cooperative banks and asked them to make structural changes, computerise accounting processes and infuse young talent in the sector.

Presently, the role of urban cooperative banks is negligible in the total banking sector in terms of deposit and advance payment, he added.