The word “United” was a unanimous choice, as unity is the very essence of co-operation and the very pillar on which the edifice of a co-operative institution can be built. Further, knowing fully well that an urban co-operative bank would be carrying on the business of banking as envisaged in the Banking Regulation Act, 1949 in terms of which “banking means the accepting, for the purpose of lending or investment, of deposits of money from the public” and would be functioning shoulder to shoulder with commercial banks both in the public and private sectors and would in fact be supplementary if not complementary to commercial banking, decided to have the word “ Mercantile” as well in the name of the proposed bank. The name “United Mercantile Co-operative Bank Ltd.” was thus the unanimous choice.