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Ministry of Cooperation

Union Minister of Home Affairs and Cooperation Shri Amit Shah to inaugurate NUCFDC's new office in Mumbai tomorrow

MainsGS2GS3GovernanceEconomyGovernment Schemes
Source-grounded summary

Union Minister Shri Amit Shah will inaugurate the National Urban Co‑operative Finance and Development Corporation (NUCFDC) office in Mumbai on 8 August 2026. The event will also launch a Security Operations Centre and a nationwide Core Banking Service for Urban Cooperative Banks, and a MoU will be signed with the National Forensic Sciences University to boost cyber‑security and technology capabilities. The Minister will release the book ‘Operational Risk Management – A Practical Guide to Urban Co‑operative Banks’ and felicitate the first six banks that have connected to the ‘Sahakar CBS’. NUCFDC, set up on 2 March 2024, aims to provide shared technology platforms, cyber‑security solutions and capacity‑building to urban cooperative banks, helping them reduce costs and compete with private banks.

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