The 30-share BSE Sensex declined 284.85 points to 77,717.05 during initial trading. The 50-share NSE Nifty fell 69.25 points to 24,297.05

UCBs have long been an essential part of India's cooperative story, providing banking services to segments often underserved by larger banks such as small traders, self-employed individuals, salaried workers, and others in the informal sector