[15] BLOCK CHAIN MANAGEMENT: AN APPROACH TO LOWER URBAN COOPERATIVE BANKS' NON-PERFORMING ASSETS

ARTICLE INFO: Date of Submission: May 17, 2025, Revised: June 15, 2025, Accepted: June 22, 2025, https://doi.org/10.56815/ijmrr.v4i2.2025.189-200

Abstract

Digital technology has emerged as a disruptive force and is becoming a crucial component of many different businesses worldwide, including the banking sector. It has significantly increased interest across all industries and transformed how businesses function by altering their entire business structures. Nowadays, a wide range of sectors are developing several use cases for Blockchain technology by tailoring and personalizing it to meet their requirements. The technology is used to offer a decentralized approach to app development. This article explains the architecture and framework of blockchain technology as it relates to banking. Additionally, it goes over the characteristics and advantages of blockchain technology as well as how to use it to improve KYC practices and lower bank non-performing assets (NPAs), paying special emphasis to cooperative banks. Additionally, a questionnaire focused on the importance of blockchain management in lowering NPA in UCBs in the Mumbai region was created utilizing research assumptions.