NUCFDC will facilitate acceptance in its member UCBs, while CSC SPV platforms, APIs and operational support
The National Urban Cooperative Finance and Development Corporation LTD (NUCFDC) has signed a Memorandum of Conformity (MOU) with CSC E-Governance Services India LTD (CSC SPV) to accelerate the digital transformation of the urban cooperative banking sector.
The partnership is intended to equip UCBs with safe and conforming digital infrastructure, said NUCFDC, the umbrella organization for India’s Urban Cooperative Banks (UCBS), in a statement.
Digital push
The company said the rollout will be executed in phases, starting with Aadhaar-based EKYC, Esign, digital signature certificates, Digilocker integration, E-stamp services, cloud hosting, data center management and cyber security solutions. Later phases introduce internet and mobile banking, kiosk-based services and digital communication platforms.
NUCFDC will facilitate acceptance in its member UCBs, while CSC SPV offers platforms, APIs and operational support.
Prabhat Chaturvedi, CEO, NUCFDC, said: “The urban cooperative banking sector has to jump in the digital age, along with its older Grassroots character. This partnership rests UCBs with future digital infrastructure, allowing them to serve a bigger efficiency, transport.
“At a time when financial inclusion and trust are central to sectoral growth, this collaboration places UCBs firmly on the path of modernization and resilience.”
A joint management team will supervise the implementation and capacity building. The agreement also relates to training, compliance support, measures for complaints and data protection, with the emphasis on coordinating the applicable regulatory standards to strengthen institutional processes within the UCBs.
Published on September 25, 2025
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