magazine

ALL INDIA

ALL INDIA

URBAN

COOPERATIVE

BANKING

RUPEE RUPEE

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EDITION

3

RUPEE

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SUMMIT 2019

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“Beyond Conventional Banking:

Critical for Survival & Growth”

ARTICLE

Banking Beyond

Conventional Banking

Emerging Trends

PAGE NO - 22

ARTICLE

Swift Warns Banks

On Cyber Heists As Hack

Sophistication Grows

PAGE NO - 50

ARTICLE

Cyber Security Basics

For Primary Urban

Co-operative Banks

PAGE NO - 28

|

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FROM THE ORGANISER’S DESK

NAFCUB

NATIONAL FEDERATION OF URBAN COOP. BANKS & CREDIT SOCIETIES LTD.

B-14, 3 rd Floor, A- Block Shopping Complex, Naraina Vihar, Ring Road, New Delhi-110028,

Telephone : 91 – 11 – 25771170 , 25770108 Fax : 01 – 11 – 25779710

MESSAGE

I am extremely happy to note that NAFCUB and B2B have come together to organise a seminar for urban

cooperative banks on the subject “ Beyond Conventional Banking: Critical for Survival & Growth” in

Mumbai.

Banking sector across the world has never before seen such disruptive changes in the financial sector as is

being witnessed in the last, say, 3 to 5 years. These disruptive changes are driven by technology

communication that has simply turned the life of every individual on its head. Nothing is now as was before.

In this context, the ‘conventional’ banking system , of which urban cooperative banks are an integral part,

has been going along at a comfortable pace over the decades, seeing and absorbing slow and steady changes

in relative comfort zone.

Banking sector comprising of public sector banks, private sector banks,( old and new),cooperative banks and

others forming the conventional banks doing conventional banking have been virtually stormed by the new

fin-tech companies who have appeared in the scene and have rewritten many of the norms of banking

services. They popularly proclaim themselves as technology companies who ‘also do banking’.

Bigger commercial banks have now embarked upon looking seriously ‘beyond conventional banking. They

are large enough and have the financial resources to reinvent themselves in a manner they can survive the

disruption and grow.

For smaller cooperative banks it is a big challenge. In fact, it is an existentialist challenge which they can

face if only they come together and network themselves in a meaningful way. The visible challenges are of

adoption of ever changing technology, investing in cyber security measures, investing in manpower that is

equipped to cater to needs and aspirations of today’s youth, without whose participation and patronage, the

cooperative banks will become irrelevant and working further on their traditional strength of local feel and

focus on catering to those sections of society which are not able to access mainstream banks easily.

I am sure the seminar will focus on all these important issues.

H K PATIL

CHAIRMAN, EMERITUS

NAFCUB

6 B2B INFOMEDIA 3 RD ALL INDIA UCB SUMMIT 2019

NAFCUB

NATIONAL FEDERATION OF URBAN COOP. BANKS & CREDIT SOCIETIES LTD.

B-14, 3 rd Floor, A- Block Shopping Complex, Naraina Vihar, Ring Road, New Delhi-110028,

Telephone : 91 – 11 – 25771170 , 25770108 Fax : 01 – 11 – 25779710

MESSAGE

The seminar would be doing a great service to the urban cooperative banking sector if it could bring home

to the participating bankers importance of the changes taking place are beyond the usual banking we all

are used to and also make them understand that this realisation is in fact most critical for survival and future

growth of the cooperative banks.

“Beyond Conventional Banking: Critical for Survival & Growth” is a theme that could not have been more

timely in the present day context for our sector, and I must applaud NAFCUB and B2B Infomedia for

choosing the subject.

Among all the segments of banking system in the Country, urban cooperative banking sector is in possession

of largest number of banking licences and that too of ‘universal banks ‘, which per se is far more valuable

that the licences given to operate narrow banks like ‘payment banks’ and ‘small finance banks’.

Therefore, it is all the more important that we face the fury of disruptive banking forces that are threatening

to sweep away the conventional banking into oblivion. Most of our banks are small and are at risk of being

too fragile to meaningfully face the future and its challenges.

We in NAFCUB have realised that large number of our urban banks need strong support and put forward a

proposal to RBI for the sector to promote its own umbrella organisation that will be able to steer them

through the disruptive changes that we are going through in the financial sector across the world. The

approval of RBI is expected to be conveyed soon and it will be a challenge to the sector to promote and put

in place a financially strong and professionally managed entity as its umbrella Organisation at the earliest.

I am sure that the deliberations in the seminar will throw up suggestions that will help the banks in

formulating policies and drawing up roadmaps that will help them to think beyond the conventional banking

they have been engaged in all along and to meet the challenges of newer and more tech savvy financial

institutions in coming days.

JYOTINDRA MEHTA

PRESIDENT

NAFCUB

3 RD ALL INDIA UCB SUMMIT 2019

B2B INFOMEDIA 7


MESSAGE


B2B INFOMEDIA 9



B2B INFOMEDIA 11

Organiser

Presenting Partner

Digital Partner

Host Partner

3 rd

`

8th June

Urban Cooperative

Banking Summit

2019

Mumbai

Thank You

PARTNERS FOR JOINING US

Presenting Partner

Digital Partner

Gold Partner

Silver Partners

Associate Partner

Associate Partner

NBFC Partner

Exhibitors

Exhibitors

Exhibitors

PIONEER IN CYBER SECURITY

Exhibitor State Federation Partners Support Partners Media Partner

Uttar Bharat

Urban Co-operative Banks Federation, Lucknow

Uttarakhand Urban Co-operative

Banks Federation Ltd.

coop.b2binfomedia.com

BHAVANA BANK

THE BHAVANA RISHI COOPERATIVE URBAN BANK LTD

Head Office: 13-23-30/3, KRISHNAVENI NAGAR, BESIDE GHMC ZONAL OFFICE, SAROORNAGAR MANDAL, HYDERABAD – 035.

Ph No. 040 24150477, 040 – 24050476 CELL No.8008 1000 90.

BRANCHES:

L B NAGAR GADDIANNARAM RAMANTHAPUR GUDIMALKAPUR

80008100091 8008100092 8008100093 8008100094

BOARD OF DIRECTORS:

CHAIRMAN: Sri G.Rama Moorthy.

VICE – CHAIRMEN :

Sri P.Parameshwar.

DIRECTORS: Sri G.Balaiah,

Sri M.Venkateswarlu,

Sri Naraian A Lalwani, Smt.A.Sharada,

Smt. M.Krishna Kumari,

Sri K.Satyanarayana,

Sri V.Madhava Rao,

Sri M.Kistaiah.

M.D / CEO: Sri A. Mohan Reddy.

INTEREST RATES ON

TERM DEPOSITS:

31 Days to 90 Days 7.00%

91 Days to 180 days 7.25%

181 Days to 1 Year 7.50%

Above 1 Year to below 2years 8.25%

Above 2 Years to below 3Years 8.50%

Above 3 Years 9.00%

Up to 0.5% extra interest on Term deposits

to senior citizens.

DICGC coverage on Deposits up to Rs. 1

Lakh.

Services Offered:

1. Core Banking Solutions (CBS) - (On line banking

service).

2. Rupay debit card available.

3.Daily deposit scheme for small/medium business

people for 180 days at 6% interest

4. Janata Deposit Scheme for all individuals/ single

or jointly with other persons / small business

persons and Firms for 12 months at 2.5% interest.

5. Mortgage, Housing and other priority loans

6. IFSC.

7. RTGS & NEFT and IMPS facilities.

8. e-commerce, Mobile Banking, POS Machines.



B2B INFOMEDIA 17



B2B INFOMEDIA 19



B2B INFOMEDIA 23



B2B INFOMEDIA 25

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B2B INFOMEDIA 29



B2B INFOMEDIA 31



B2B INFOMEDIA 35


Shri Subhas Gupta, CE, NAFCUB formally Welcoming

the participant as the Host Partner of the Summit

Shri Subhash Mohite, President, Pune District

Urban Cooperative Banks Association delivering his

Inaugural Speech

Shri Sakethu Ramarao Muddu, Chief Product

Officer, VSoft Technologies Pvt. Ltd. delivering his

Inaugural Speech

Shri Sabyasachi Goswami, Chief Business Officer,

Perfios Software Solutions Pvt. Ltd. delivering his Inaugural

Speech

Experience the con

at your fingertips with

Toll Free : 1800 233 1919

KJSBank

Internet Banking

venience of banking

our net banking facility.

KJSBank

www.kalyanjanata.in

Chief Guest of the Summit Shri Jyotindra Mehta,

President, NAFCUB delivering his Inaugural

Address

Inaugural Panel releasing the Souvenir of 3rd All

India Urban Co-operative Banking Summit

August Inaugural Panel of the Summit

Participants from Urban Co-operative Banks

interacting with the exhibitors

Shri Vivek Khanna, Senior Manager, VSoft Technologies

Pvt Ltd giving his presentation

Shri Mrigen Desai, Director - Key Accounts, Perfios

Software Solutions Pvt. Ltd. making presentation

Shri Harshad Kirloskar, Head of Business

Consulting group – APAC, Infosys Finacle doing

Technical Presentation

Panel Discussion in the progress

Panel of Cyber Security in the Progress

Ashish Srivastava, Co-founder, B2B Infomedia handing

over token of appreciation of Adv. Jayshree Nagre,

Moderator of the panel on Cyber Security

Anupam Gupta, Co-founder, B2B Infomedia handing

token of appreciation to Shri Kushal Rastogi, Founder &

CEO, Knight FinTech

Gautam Navin, Co-founder, B2B Infomedia handing

token of appreciation to Shri Pushpinder Singh,

Head – Digital Payments, EPS

Shri K M Nanaiah, MD & Country Leader India &

MEA, Equifax Credit Information Services giving his

presentation

One of the participants asking question to

the panelist

Anupam Gupta, Co-founder, B2B Infomedia handing

token of appreciation to Shri Ramlal Snap, CEO,

Nashik Urban Co-operative Banks Federation

Group Photograph of the participating bankers



B2B INFOMEDIA 51


Digital is the Future.We walk with it

We are fortunate that we visualised, well in time, that only the technology will drive the businesses

and the digital working can take us into the future. We started adopting technology and embarked

with computerisation well ahead of other cooperative banks and went on acquiring modern technology

to stay relevant and in competition. This approach kept us in company of most modern

technology. We are now providing a number of services that are purely based on technology.

We are committed to keep this pace of adoption and to hold our position in the

competition in future also. We realise that Future is digital and we must walk into the future

with modern technology at our command.

Sadanand Dixit

General Manager

Subhash Nade

Vice Chairman

Adv. Subhash Mohite

Chairman

{dœmgmMm hmV, AZ² ‘mobmMr gmW

Directors

Vijaykant Kothari CA Janardan Ranadive Babanrao Bhegade Shridhar Gaikwad

Bipinkumar Shah Dr. Ramesh Sonawane Subhash Gandhi Dilip Dagade

Sanjay Gugale Ambar Chinchwade Milind Wani Ramesh Wagh

Sunil Khater (Adopted)

Pune Peoples' Co-op Bank Ltd.Pune

(Multi State Bank)

Head Office: 606, Sadashiv Peth, Laxmi Road, Pune 411030

Tel: 020-24452353 / 24452843 Fax: 24456085

Web: www.punepeoplesbank.com

Email: punepeoplesbank@rediffmail.com



B2B INFOMEDIA 55


A bank you can trust upon

The Citizens Urban Co-op. Bank Ltd.

JALANDHAR

Core BankingSolutions

No Pre-closure charges

on Loan Accounts

RTGS/NEFT facilities

available

Direct Tax Deposit

facilities

Safe Deposit Lockers

available

Deposit Insurance Facility

Under DICGC Scheme

Distribution of Life &

Gen. Ins. Products

Financial Position as on 31.03.2019 (Rs. in lakh)

Share Capital Rs. 1660.63 L o a n s & A d v a n c e s R s . 4 0 2 8 6 . 2 1

Own Funds Rs. 7286.84 Total Business Rs. 118237.27

Deposits Rs 77951.06 Profit (2018-19 ) Rs. 990.65

When our customers succeed

e succeed

Har Pal Aap Ke Saath



B2B INFOMEDIA 61




B2B INFOMEDIA 65



B2B INFOMEDIA 67



B2B INFOMEDIA 69



B2B INFOMEDIA 71



B2B INFOMEDIA 73



B2B INFOMEDIA 75



B2B INFOMEDIA 77

PIONEER IN CYBER SECURITY


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