Working Capital Management -- A Case Study of Devgiri Urban Co-Operative Bank Ltd. Aurangabad

Abstract

Urban cooperative banks are one of the vital segments of the banking industry of India. UCBs play a pivotal role not only in meeting the credit requirements of various sphere but play a significant role in the development of small & medium industries in urban area. The urban cooperative banking works on the basis of two tier system. This paper focuses on the current scenario of urban cooperative banking system in India, by mentioning its need, its brief history, its current structure among the cooperative credit society, improvement in financial position of UCBs contribution of UCBs towards economic development of the country. Cooperative Banks are organized and managed on the principals of cooperation, self help and mutual help. There have been playing imperative role in Indian financial system with broad network in both urban and rural areas. Cooperative sector plays a very important role in fulfilling the directive principles and the objective of five year plans. It is hope that the state government will not delay acceptance of the recommendations made by the RBI. I Urban Co-operative banking sector should be right away freed restrictive provisions of cooperative Acts so as to make then self reliant and self supporting. The purpose f this paper examines the growth and success of the Devgiri Urban Cooperative Bank Ltd. Aurangabad. In our country, the banking sector broadly consists of Scheduled Commercial Banks (SCBs) and Co-operative Banks. Further, SCBs include public sector, private sector and foreign sector banks while co-operative banks include State Co-operative Banks, District Central Co-operative Banks (DCCBs), State Cooperative Agriculture and Rural Development Banks (SCARDBs), Primary Co-operative Agriculture and Rural Development Banks (PCARDBs) and Urban Co-operative Banks (UCBs). SCBs form the important part of the Indian financial landscape in terms of their business and outreach also.