There were various reports for improving urban cooperative banks. The best report is Madhav Rao report (1999) which have given detailed legislative amendments .

All reports on RBI site on urban cooperative banks are more or less same as no report have been made independently exclusively from outsider. So content is same in all reports by showing fake helplessness in supervising cooperative banks due to dual nature etc. etc.
Much publicized 59 -page Gandhi report have copy-pasted same thing 3-times as following without giving any concrete suggestion to compel cooperative bank to comply banking norms as following------
(1) on page no. 5 of chapter-1--------At present, no powers are available with RBI for constituting boards of UCBs, removal of directors, supersession of BoDs, auditing of UCBs and
winding up and liquidation of UCBs. However, such powers for commercial
banks are vested with RBI. There are certain sections in the BR Act 1949
such as provisions of Section 10A (professional BoD), 10B (removal of a
whole time chairman), 30 (audit), 44 (winding-up of banks), 44A
(amalgamation of banking companies) and 45 (suspension of business)
which were not replicated while amending Section 56 of the BR Act, 1949.
These amendments can be incorporated in Section 56 of the Act ibid for
effective regulation and supervision of UCBs. In addition to these, the
committee identified and deliberated in detail on the problems and issues
afflicting the sector including restricted ability of UCBs to raise capital
resources and to handle risks, lack of RBI’s powers for supervision and
regulation of UCBs at par with commercial banks, lack of powers for
compulsory/voluntary merger etc. apart from the basic fault lines in the
structure of the urban co-operative banking sector. However, in view of the
limited terms of reference and the given time frame of the committee, the
long term solution to all the problems could not be covered under the
recommendations

(2) Chapter-3 page-24-25--3.3 At present, no powers are available with RBI for constituting boards of UCBs,
removal of directors, supersession of BoDs, auditing of UCBs and winding up and
liquidation of UCBs. However, such powers for commercial banks are vested with it.
There are certain sections of the BR Act 1949 such as provisions of Section 10A
(professional BoD), 10B (removal of whole time chairman), 30 (Audit), 44 (windingup of banks), 44A (amalgamation of banking companies) and 45(suspension of
business) which are not replicated in Section 56 of the BR Act, 1949, which sets out
the BR Act as applicable to co-operative societies.

(3)Chapter-5 page-47-------At present, no powers are available with RBI for constituting boards of
UCBs, removal of directors, supersession of BoD, auditing of UCBs and
winding up and liquidation of UCBs. However, such powers for commercial
banks are vested with RBI. There are certain sections in the BR, Act 1949
such as provisions of Section 10A (professional BoD), 10B (removal of a
whole time chairman), 30 (Audit), 44 (winding-up of banks), 44A
(amalgamation of banking companies) and 45(suspension of business)
which were not replicated while amending Section 56 of the BR Act, 1949.
These amendments can be incorporated in Section 56 of the Act ibid for
effective regulation and supervision of UCBs. In addition to these, the
Committee identified and deliberated in detail on the problems and issues
afflicting the sector including restricted ability of UCBs to raise capital
resources and to handle risks, lack of RBI’s powers for supervision and
regulation of UCBs at par with commercial banks, lack of powers for
compulsory/voluntary mergers etc. apart from the basic fault lines in the
structure of the urban co-operative banking sector. However, in view of the
limited terms of reference and the given time frame of the Committee, the
long term solution to all the problems could not be covered under the
recommendations.

Not even a single report on RBI website is worthwhile to compel cooperative banks to comply banking norms.

May I know where one can access the Gandhi Committee Report?

That besides, the question of dual accountability can be sorted out in two ways- one, depending on the issue banking issues to be dealt with by RBI and society issues to be dealt with by the Registrar Co Ops. There can also be a concurrent list, as in our Constitution, where the authority could be a judge with the representatives of RBI and Registrar Co Op as members. Or, the better option is to task the Registrar Co Op to ensure that in the case of banks under his jurisdiction he ensures that the RBI mandates are complied with. It is always better to have one authority to control any body with that authority being made responsible for ensuring that all mandates are complied with. For example if an industry is being set up in a village the Gram Panchayat should be tasked with ensuring that all permissions like, project clearance by the Industries dept, safety clearance by the concerned departments, pollution clearance by the PCB etc are obtained before the foundations stone is laid. And when I say tasking one authority it is not that they will issue directions to the one starting the industry to get it from these authorities but would actually accept a comprehensive application and process it with all concerned authorities themselves without the involvement of the applicant. It is generally known as single window scheme and is a much bandied term.

Kapol Bank?? I have invested just bcos it was mentioned in RBI's website for atleast Rs.1 lakh insurance. 2.5 years have passed, no respite...., even the bank officials/managers/MD are very rude, when asked about the situation.

I am reading Money Life and it's research is really apt in PMC case.Can Monelife also help research and escalate the Pen Urban Cooperative Bank Fraud.

Too many small investors lost their hard earned money and still are fighting for getting their money back even after 10 years