# Amit Shah says RBI proactively helped UCBs 2026-08-09T11:50:27+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Union Cooperation Minister Amit Shah on Saturday urged urban cooperative banks (UCBs) to view the Reserve Bank of India from a "different viewpoint", saying the central bank has proactively helped the sector. He spoke at the inauguration of a new office of the National Urban Cooperative Finance and Development Corporation (NUCFDC) in Mumbai. Shah listed relaxations from RBI: liberalised branch opening, doorstep banking, issuing demand drafts and life certificates, and a dedicated nodal officer. He also noted that small borrowers are the safest segment for lenders, citing a scheme with over 99% repayment rate. NUCFDC, which has 690 members, will move its head office to Maharashtra. ## Coverage - economictimes.indiatimes.com Tags: Amit Shah, banking, NUCFDC, RBI, UCBs, Urban cooperative banks Canonical: https://indianopinion.org/amit-shah-says-rbi-proactively-helped-ucbs/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/amit-shah-says-rbi-proactively-helped-ucbs/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.