PROF. V K SAPOVADIA, FINANCE & ACCOUNTING, INDIAN INSTITUTE OF MANAGEMENT, INDORE, INDIA. Good Cooperative Governance as a Tool to withstand Urban Coop Bank Crisis A Case Study of Rajkot Nagarik Coop Bank, India
Flow of presentation Objectives Cooperative banking in India Role of UCBs RNSB- General Background Financial indicators Cooperative indicators Member confidence & reasons Cooperative Governance Conclusion
Objectives To study and analyze critical financial & cooperative indicators of UCBs in Gujarat vis-à-vis RNSB To investigate reasons of growth for RNSB To scrutinize governance of RNSB in light of Cooperative Principles & Values To study whether Good Cooperative Governance is Good Business Practice
Cooperative Banking in India Banking in India Saving habits of Indian household Cooperative sector in India Genesis Spread & Success Cooperative Banking Business model Types of cooperative banks
Role of UCBs Genesis Some numbers No. of UCBs Market share Growth
Rajkot Nagrik Sahkari Bank Ltd. RNSB- Genesis & background Members- 220,000 Deposits of INR 6,000 million, advances of INR 4,000 million
Financial indicators
Cooperative indicators
Reasons for member confidence Reputation of management Personal relations- Like a family High value perception Customer friendly service record Cost efficient management
Ethical behavior & transparency Dynamic leadership, vision & strategic direction Cooperative values & principles Clear accountability & responsibility Cooperative Governance
Conclusion RNSB’s survival through cooperative bank crisis Good cooperative governance as good business practice
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