Shah urges urban cooperative banks to see RBI differently

Urban cooperative banks are special banks in India that are owned by groups of people working together.

A very important government leader, Amit Shah, spoke to the people who run these banks in Mumbai.

He told them that India's central bank, called the RBI, has helped them a lot in recent years.

He said the banks should look at the RBI from a different viewpoint and not be afraid of it.

The RBI has let these banks open more branches, deliver banking at people's doorsteps, and issue demand drafts and life certificates.

These banks together keep more than six lakh crore rupees of people's money safe.

Shah said lending small amounts of money to ordinary people is very safe, because in his own experience people paid back over 99 rupees out of every 100, including interest.

He also said the head office of NUCFDC, an organization that helps these banks, will move from New Delhi to Maharashtra.

He wants all 1,400 urban cooperative banks to join the organization so they can get help with technology and safety.