elets Maharashtra Cooperative Summit 2016 – Technology Presentation: Importance of Mobility in Financial Services – Saurabh Arora, Head – Alternate Channel, Business Development, Birla Sun Life Asset Management Company Limited
The Banking & Finance Post, country’s premier magazine that covers banking and financial services issues from Elets Technomedia is coming up with Maharashtra Cooperative Summit in October in Mumbai.
The summit would largely focus on redefining cooperative movement in Maharashtra and discuss relevant issues like enabling financial and legal environment, expansion of urban cooperative banks and policy challenges. Role of technology in reviving and revolutionising cooperative sector is one of the key topics of the summit.
Cooperative Banks have traditionally been the backbone of the Indian economic system. These banks help millions of people from rural and urban areas in channelising the hard earned savings of the society to fruitful economic ventures. That apart, such banks have been playing a key role in backing small and medium scale enterprise in urban pockets by providing adequate credit facilities.
Conference: Key decision-makers, leaders and influencers to deliver insights into the current scenario and road ahead.
Exhibition: Innovative products & solutions to gain exposure.
Awards: Ambitious strategies, cutting-edge technologies, innovative projects and initiatives to be felicitated.
Maharashtra Cooperative Society At A Glance
Maharashtra is a pioneer state in the country to have initiated cooperative movement. Earlier, cooperative movement was confined mainly to the agricultural credit, but today it has broaden its reach to other sectors like processing, marketing, housing, dairying and textiles.
Total number of cooperative societies: 2.30 lakh
Total Members: 509 lakh Of these, nine per cent were in agricultural credit, 10% were in non-agricultural credit and 81% were engaged in other activities.
1· Maharashtra has a 32% share of co-operative banks in the country. Of the 1,618 urban cooperative banks, Maharashtra has 526, the highest for a state.
2· Total deposits in cooperative banks in the state is to the tune of Rs 1,73,800 crore, which accounts for 68% of deposits in such banks in the country.
3. Cooperative banks in the state have issued loans to the tune of Rs 1,20,100 crore, which is 65% of loans given by cooperative banks in the country.
4. With 4,839 branches and 1,576 ATMs, cooperative banks have made their presence felt in every nook and corner of the state. In rural areas, cooperative banks are the only banks available to a large section of population.
1. The Cooperative Movement In Modern Era
2. Leveraging Technology, Driving Cooperative Banking Strengthening Cooperative Banking through Technology : Opportunities & Challenges in rural and urban India
3. Safe & Secure Cooperative Banking (Urban & Rural): The Way Forward
4. Technologies:- CBS, Data Center and Payment Solutions
Financial inclusion in India through modern technology and cooperative movement
5. Creating and enabling financial environment for UCBs
6. Policy challenges of Cooperative Banks
7. Creating new regulatory norms and setting up UCBs, which are small vis-à-vis Public and private sector banks
8. Permitting UCBs to install offsite ATMs freely
9. Making UCBs technologically empowered
10. Role of technology in new-age Cooperative Banks
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