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BY
GURUCHETHANA T.S.
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Housing and Urban Development
Corporation
Type: Public Sector Undertaking
Industry: Housing Founded: 1970
Headquarters: New Delhi
Key people: V.P.Baligar, IAS.(Chairman and Managing
Director)
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The Housing and Urban Development Corporation Limited
(HUDCO): is a government- owned corporation in India. One of the public sector undertakings, it is
wholly owned by the union government and is under the administrative control of the
Ministry of Housing and Urban Poverty Alleviation. It is charged with building affordable
housing and carrying out urban development.
HUDCO describe its mission as: To provide long term finance for construction of houses for residential purposes or finance or
undertake housing and urban development programmes in the country:
To finance or undertake, wholly or partly, the setting up of new or satellite towns:
To subscribe to the debentures and bonds to be issued by the State Housing (and/or Urban
Development) Boards, Improved Trusts, development Authorities etc.: specifically for the
purpose of financing housing and urban development programmes
To finance or undertake the setting of industrial enterprises of building material;
To administer the moneys received from time to time, from the government of India and other
sources as grant or otherwise for the purpose of financing or undertaking housing and urban
development programmes in the country and;
To promote, establish, assist, collaborate and provide consultancy services for the project of
designing and planning of works relating to Housing and Urban Development programmes in
India and abroad.
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Cont, HUDCO was established in 1970 to address the housing needs and sustainable
unban infrastructure development in the country .
It has partnered with the Govt. to fulfill the social responsibility of providing
housing to Economical Weaker Section through various schemes across the
country.
The growth of HUDCO has been steady since its inception and in the year
2010-11 its sanction of loans was Rs.19767 Crore and releases were Rs.5105
Crore.
The profit after tax was Rs. 548.90 Crore for the year 2010-11 as compared to
Rs.495 Crore in the year 2009-10 (Growth of 11%).
The total employee strength is 990 with 634 executives.
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Cooperative bank
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DEFINITION
HISTORY
INTRODUCTION
FEATURES
FUNCTIONS
CLASSIFICATION
RECENT DEVELOPMENTS
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A co-operative bank is a financial entity which belongs to its
members, who are at the same time the owners and the customers
of their bank. Co-operative banks are often created by persons
belonging to the same local or professional community or sharing a
common interest. Co-operative banks generally provide their
members with a wide range of banking and financial services (loans,
deposits, banking accounts). In India co-operative banks are
regulated with the RBI and governed by Banking Regulations Act1949 and Co-operative Societies Act, 1965.
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The Bank was formed in 1872 in the city Manchester in UK.
The Co-operative banks in INDIA have a history of almost 100years. The Co-operative banks are an important constituent of
the Indian Financial System. Co operative Banks in India are
registered under the Co-operative Societies Act. The
cooperative bank is also regulated by the RBI. They aregoverned by the Banking Regulations Act 1949 and Banking
Laws (Co-operative Societies) Act, 1965. These banks were
conceived as substitutes for money lenders.
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Co-operative bank performs all the main banking functions of
deposit mobilization, supply of credit and provision of
remittance facilities.
Co-operative Banks belong to the money market as well as to
the capital market.
Co-operative Banks provide limited banking products and arefunctionally specialists in agriculture related products. However,
co-operative banks now provide housing loans also.
UCBs provide working capital loans and term loan as well.
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Customer-owned entities: In a co-operative bank,the needs of the customers meet the needs of theowners, as co-operative bank members are both.
Democratic member control: Co-operative banksfollow the principle of one person, one vote.
Profit allocation: Profit is usually allocated tomembers which is related to the number of sharessubscribed by each member.
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Finance function 1. Cooperative banks in India finance rural areas under:
Farming
Cattle
Milk
Personal finance
2. Cooperative banks in India finance urban areas under:
Self-employment
Industries Small scale units
Home finance
Consumer finance
Personal finance
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Some co-operative bank are scheduled banks, while others are
non-scheduled banks. For instance, SCBs and some UCBs are
scheduled banks but other co-operative bank are non-
scheduled banks. At present, 28 SCBs and 11 UCBs withDemand and Time Liabilities over Rs 50 crore. Co-operative
Banks are subject to CRR and liquidity requirements. However,
their requirements are less than commercial banks.
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Sr.No. Category of bank Minimum SLR holding in Government and other
approved securities as percentage of Net Demand
and Time Liabilities (NDTL)
1. Scheduled banks 25%
2. Non-Scheduled
banks
a) with NDTL of
Rs.25 crore &
above
b) with NDTL of
less than Rs.25
crore
15%
10%
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Thank You