Pitre, Vidya creator text xu| 2003 continuing ng p.1505-513. Against the backdrop of a review of the performance of the urban cooperative banks (UCBs), this article discusses the issues raised by the recent turbulence in the sector typified by the Madhapura Bank episode and its fallout. From the regulators' point of view, the agenda for reform of UCBs is fourfold: aligning the UCB sector with the rest of the financial system, deciding the future of weak bank entities, improving governance and resolving the issues arising from dual control. - Reproduced. Cooperatives Banks Economic and Political Weekly 180718