TELANGANA STATE COOPERATIVE URBAN BANKS FED LTD
What we are
Distressed with the dishonest acts of some of the selfish managements of the cooperative urban banks resulting in the dwindling trust in the cooperative system and moved by the agony of the duped share holders, depositors and customers of UCBs and driven by strong desire, dedication and determination for saving the cooperative banking model for socio-economic growth, the Andhra Pradesh State Cooperative Urban Banks Federation Ltd. was organised and came into being from 27th December 2002. The objectives of the Federation include to:
Provide a Common Forum to the member-banks to examine the problems of Cooperative Credit, Banking and allied matters and evolve suitable strategies to deal with them.
Encourage cooperation, mutual assistance and self help from among the member UCBs in order to meet temporary financial crisis of the member-banks.
Advise the member banks on financial management, business development, personal management and devise and undertake necessary training programmes for the directors, members and employees of the member banks.
Prepare and publish training manuals, business manuals, regulatory manuals, news bulletins etc.
Arrange to prescribe audit standards and to empanel chartered accountants to undertake audit of the member-banks and to devise reporting systems in order to detect early symptoms of weakness/sickness/failure.
Undertake and evolve a system and machinery to take up the rating of the member-banks on the lines of reputed organisations like CRISIL, APPLE etc. in order to make the credit worthiness of a member bank known to the depositors, borrowers and members.
Provide assistance for selection of professionals to manage member banks.
Provide consultancy, undertake market survey and feasibility guidance to the member-banks who desire to start branches or to the persons who desire to start a cooperative urban bank afresh.
Undertake relevant research studies in credit and banking from time to time and suggest appropriate strategies.
Organize conferences/seminars/workshops to share the views of common interest with a view to contributing for better policy decisions.
Take up campaign to re-establish credibility of the cooperative banking sector in general and cooperative urban banks in particular and to counter the adverse propaganda, and
Take up other activities which are incidental and conducive to the fulfilment of the above objectives including affiliation to National and International Cooperative and Banking Federations and Cooperative Unions.
From then on APSCUB Fed is making head way propelling the development of the UCBs in Andhra Pradesh, utilising its resources and complemented by its untiring commitment to serve the UCBs and all the stake holders in the sector.
APSCUB Fed believes in the internationally recognised cooperative principles and values.
Principle 1: Voluntary and open membership
Principle 2: Democratic member control
Principle 3: Member economic participation
Principle 4: Autonomy and independence
Principle 5: Education, training and information
Principle 6: Cooperation among cooperatives
Principle 7: Concern from community
Our values
We adopt as our guiding light, the values of cooperation, mutual respect, professionalism and social responsibility. We march on…………………
Our Vision
APSCUB Fed demonstrates that urban cooperative banks are better banking institutions for providing social and economic development among the urban and semi urban community who are economically challenged. A dynamic cooperative Federation that will help enhance reputation of the UCBs and key player in the growth of the UCBs in Andhra Pradesh to become an important segment in the financial sector.
Our Mission
In pursuit of the vision, the APSCUB Fed’s mission also is to re-building the trust among all the stake holders of the UCB sector. In its endeavour, the APSCUB Fed shall represent and promote the interest of the member UCBs in general for their growth and be an advocate to represent and liaison with Reserve Bank of India, Central and State Governments in order to develop, advance and protect the interest of UCBs and help for the advancement of the cooperative movement in the State of Andhra Pradesh. It updates it members of relevant policy initiatives susceptible of impacting the urban banking sector. It undertakes capacity building activities for directors, members and employees of member banks for promoting professionalism and commitment
After bifurcation of Andhra Pradesh state, Telangana State came into existence. In the year 2016 Telangana State Cooperative Urban Banks Federation Ltd came into existence by adopting the above mentioned principles, Values, Vision and Mission and working for the same with the staunch support of Member Banks.
Once we are Andhra Pradesh State Cooperative Urban Banks Federation Ltd.
Today we are Telangana State Cooperative Urban Banks Federation Ltd
We salute them.
Managing Committee
Telangana State Cooperative Urban Banks Federation Ltd
Hyderabad