NCDC, which is to be found everywhere these days, organized a high-voltage meeting on cyber security recently, in which several top cooperators participated. The occasion also saw the signing of an MoU of NCDC with the apex body of urban co-op banks and credit societies, NAFCUB.
The Memorandum was signed by Jyotindra Mehta, President on behalf of NAFCUB, and by Sundeep Kumar Nayak, MD on behalf of NCDC in the presence of Dileep Sanghani, Chairman NAFSCOB and senior executives of NCDC and NAFCUB.
In a press release NAFCUB says “As part of expanding its outreach in the field of capacity building and research and development activities in the urban cooperative banking sector Nafcub signed an MoU with National Cooperative Development Corporation on 20-05-2019 at NCDC Office, New Delhi”
“The MOU is intended to build mutual cooperation between ‘NCDC’ and ‘NAFCUB’ so as to learn, assimilate and develop further on the core strengths, experiences and institutional objectives of the respective parties in the public interest of advancement of training, action research, studies, consultancy, monitoring, evaluation, systems development and technology development in the areas of development of cooperative sector”, the release reads.
As the signing of MoU coincided with talks on cyber-security, NCDC wrote on the Facebook wall “The leading cooperative lender of India National Cooperative Development Corporation (NCDC) organized a meeting on ‘Cooperative Institutions Cyber- Security Advisory Forum (CICAF) on Monday in the presence of veteran cooperative leaders.”
Dr. Gulshan Rai, Senior Advisor NCDC and Ex-National Cyber Security Coordinator, Prime Minister’s Office, Govt. of India, enlightened the forum “On the growth of digitization and need for security at securing Digital Assets and information in Digital Assets (Cyber security)”.
The forum was addressed by Dileep Sanghani, Chairman NAFSCOB, Jyotindra Mehta, President NAFCUB, B Subramanyam, MD NAFSCOB, K. N. Rajanna, Vice-chairman NAFSCOB and President, Sundeep Kumar Nayak, MD NCDC, and N. Satyanarayana, Chief Executive NCUI.
While cooperators lauded the pro-active role being played by NCDC MD Sudeep Nayak in strengthening the co-op movement, they underlined that it is no small thing that representatives from about 13 state cooperative banks were present in the show.
It bears recall that NCDC is currently active preparing for International Cooperative Trade Fair IICTF 2019 scheduled for October in Delhi. Sparing no efforts to publicize the event NCDC has also roped in the support of Indian embassies in the world to motivate co-ops to join the event.
NCDC was recently in news for signing an MoU with Sumitomo Mitusi Banking Corporation of Japan in which it has sought a loan of Rs 2,000 crore at the interest rate of 3 percent. The move was hailed across board as it amounted to cashing in on the prevailing low interest rates of Japan.