Bank in a Box – Modernisation of Urban Cooperative Banks

Bank in a Box – Modernisation of Urban Cooperative Banks

Daily Current Affairs   /   Bank in a Box – Modernisation of Urban Cooperative Banks

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Category : National Published on: August 12 2026

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  • Union Home Minister Amit Shah launched ‘Bank in a Box’ under the ‘Sahkar Nav-Kranti’ programme in Mumbai.
  • The initiative aims to modernise Urban Cooperative Banks (UCBs) across India.
  • It provides core banking, digital payments, cloud infrastructure and compliance solutions.
  • Other features include loan origination, AI-based fraud prevention, Aadhaar-based services and automated regulatory compliance.
  • A dedicated Security Operations Centre (SOC) will provide round-the-clock cybersecurity support.
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