Urban Co-operative Banks Department
The department’s work relates to financing of the Urban Cooperative Banks. The Refinance
is sanctioned to UCBs against their advances to the members for hypothecation /
pledge of goods and / gold ornaments. In case of finance provided under the special
schemes of NHB, RBI, SIDBI, refinance is availed from the respective agencies.
The various types of facilities provided to the UCBs are as under.
- Cash Credit limit to UCBs against finance to its members (N.O.D.C.).
- Loans to UCBs for purchasing/ construction of H.O./ Branch Building.
- M.T. Finance for Computerization of Head Office and Branches of UCBs.
- Import / Export Business facilities to UCBs through our I.B.D. Department & branches.
- Overdraft (O.D.) facilities against their fixed deposits with our Bank.
- Treasury Department Of MSCB provides facility like sale/ purchase of Government
Securities, Opening CSGL Account to UCBs.
- Refinance to UCBs against its Non Overdue finance to members for Housing purpose.
- Funds of UCBs are transferred through RTGS.
- Refinance under Section 17(2) (b) (b) along with 4 (c) of the RBI Act 1934.
- Finance against SIDBI Refinance Scheme.
- Finance against NHB Refinance.
- Co-finance scheme for Urban Banks to finance their creditworthy clients / Customers.
Urban Banks department is playing very significant role by guiding UCBs on various
issues in day to day working. From the year 2008-09 bank has started system to discuss
financial position, fund requirement, collateral etc., with office bearers and officers
of Urban Banks before sanctioning loans to them. This department consolidates the
statistical information of the UCBs in the state and circulates it among member
Human Resource Development and Management Department
Against the backdrop of the stiff competition in the banking sector, the management
of MSCB felt the need to develop professional outlook of the employees towards work
and thereby prepare them for the challenges of the future. As a result, a comprehensive
‘Human Resource Development and Management Policy’ was put in place, on November
All the working of the HRDM is going on as per policy. But time to time it has to
make some necessary changes, considering the needs of the bank with approval of
Hon. Board of Administrators. It takes care of Transfer/Promotion/Training needs
Preparation of Staffing Pattern for the period 2014-2019, consisting Study Work
Load, Staff Strength, Evaluation of Training Requirements of the staff and Redesign
the Organisational Structure, Grade Wise Job description and Responsibilities and
suggesting changes in H.R. Application Software job is in under process by appointing
Training facilities - Shikhar Training & Research Institute
Shikhar Training & Research Institute was started by our Bank on 16-12-2009
as a part of its role to provide need based training in another banking practice
to the Co-op. Credit Structure in the State. The Institute, therefore, is working
as State Level Agriculture and Cooperative Staff Training Institute (ACSTI) under
SOFTCOB – Scheme of Financial Assistance for Training of Coop. Banks introduced
in Bank’s own premises. ‘Shikhar’ Vashi imparts training of General Banking &
Our Nagpur’s Staff Training Center was taken under the arm of Shikhar Training &
Research Institute, Vashi & called as ‘Shikhar Training & Research Institute,
Nagpur Center’ which imparts training to STCCS of Vidarbha region in General Banking.
Looking to the increasing use of Information Technology in Banking, our bank has
set up a Computer Lab at Vashi Center in which full-fledged Computer Training is
being conducted. A part from this ‘Shikhar’ conducts training programs for DCCBs
at their locations.
During the 2013-14, both the Vashi and Nagpur Channels together had conducted 61
Training Programs, covering 1088 Officers /Staff.
The two Knowledge Management Centers at Vashi and Nagpur are serving the needs of
‘SHIKHAR’. At present, these have 8874 books and 55 periodicals available for references
The STRI has its own library which have various books, periodicals and magazines.
At present it has got more than 700 books related to Banking and Cooperatives. Besides
this, the participants are provided newspaper on daily basis during training period.
It has also got a Television Set installed to provide latest updates to the participants.
Air–conditioned Hostel facilities for 29 trainees at a time, have also been provided.
The classroom at STRI is well equipped with a computer and projector installed for
conducting training sessions with the help of Audio Visual Media. It has also got
an Internet Connection. The classroom got the capacity of accommodating 30 to 35
Functions of R.Os, P.Os and D.Os
With a view to facilitating disbursement of loans to District Central Co-op. Banks,
Urban Co-op. Banks. Co-operative sugar factories, Co-operative spinning mills and
other co-operatives in the State and to exercise effective control and supervision
over loan account operations, the bank has been functioning through its 4 Regional
Offices, 2 Pay Offices and 8 Divisional Offices. The Bank has 28 Branches in Mumbai,
1 in Navi Mumbai, 11 in Nagpur and 1 each at Aurangabad, Akola and Amravati.
Our bank has set-up 8 Divisional Offices which have a supervisory role over the
borrowing units in the respective territory / region. They are basically controlling
machinery for inspection & effective loan recovery, which are located at Pune, Kolhapur,
Nasik, Vashi, Aurangabad, Nanded, Nagpur and Amravati. The inspection program is
prepared by them on half-yearly basis and sent for approval to HO. After HO approval,
the monthly tour programs of the inspection machinery is prepared and executed.
The inspection reports of the Divisional Officer and Inspecting Officers are sent
to the inspection and Audit Department at Vashi where the scrutiny is done and the
observations are communicated to the concerned units. Based on these observations,
Bank takes corrective measures for recovery of loans. Loan Proposals are also scrutinised
at Divisional Office level.