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Maharashtra Urban Cooperative Banks Federation Chairman Vidyadhar Anaskar, who is credited with launching “Hath Jodo Abhiyan” asking UCBs to desist from converting into small finance banks–has strongly advocated taking consent of depositors before deciding on the conversion of UCB into SFB. At present no UCBs in Maharashtra plan or apply to convert themselves into SFB, claimed Anaskar. He asks respective Urban Cooperative Banks for taking the depositors’ consent, apart from shareholders on any matter concerned with the conversion or merger of UCBs. “The shareholders are having only five percent stakes in the bank and 80-90% stakes are that of depositors. Apart from taking member’s approval for merger or conversion, UCBs should take the approval of depositors also”, argues Anaskar.

Vidyadhar anaskarJodo abhiyanSmall finance bankHaath jado campaignUttar shivalik mercantile bankMaharashtra urban cooperative banks federationIndian cooperative bankUrban cooperative banksAnnual general meetingShivalik mercantile cooperative bankSmall financeNew indian cooperative bankReserve bankMo neyஜோடோ அபியன்சிறிய நிதி வங்கி