Amit Shah inaugurates NUCFDC's Mumbai premises and launches 'Bank in a Box' for urban cooperative banks
Cooperation Minister Amit Shah inaugurated the new Mumbai premises of NUCFDC, the umbrella organisation for urban cooperative banks, on 8 August 2026 and launched its 'Bank in a Box' service.
Summary
Union Home and Cooperation Minister Amit Shah inaugurated the new premises of NUCFDC, the umbrella organisation for urban cooperative banks, in Mumbai on 8 August 2026 and addressed the 'Sahkar Nav-Kranti' programme. He launched 'Bank in a Box', which will give every branch core banking, digital payments, cloud and compliance services at affordable rates. The aim is to connect nearly 1,400 urban cooperative banks to the umbrella body for technology, training and compliance support, including tools such as MuleHunter. Shah said NUCFDC was advised to sign an MoU with the National Forensic Sciences University for cybersecurity support.
Key facts
- Body
- NUCFDC – umbrella organisation for urban cooperative banks
- Event
- New premises inaugurated, Mumbai, 8 Aug 2026
- Launched
- 'Bank in a Box'
- Target
- Connect nearly 1,400 urban cooperative banks
- Programme
- Sahkar Nav-Kranti
- Cyber partner advised
- National Forensic Sciences University
Practice MCQs 3 questions
What service for urban cooperative banks was launched by Amit Shah at the NUCFDC event in Mumbai on 8 August 2026?
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Correct answer: B — Bank in a Box
'Bank in a Box' will offer every branch core banking, digital payments, cloud and compliance services at affordable rates.
About how many urban cooperative banks is NUCFDC aiming to connect as their umbrella organisation, as stated in August 2026?
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Correct answer: C — 1,400
The objective is to connect nearly 1,400 urban cooperative banks to the umbrella organisation.
Which university was NUCFDC advised to sign an MoU with for cybersecurity and digital forensics support for urban cooperative banks?
Show answer
Correct answer: A — National Forensic Sciences University
Amit Shah said NUCFDC was advised to sign an MoU with the National Forensic Sciences University (NFSU).