Cooperative banks now possess the capability of becoming a formidable competitive force in the savings and consumer credit sectors of the financial marketplace all over the world. Cooperative banks did not contribute to the financial crisis, yet they are still subject to increasing regulatory environment challenge all over the world. Urban cooperative banks (UCBs) consistently strive to ensure their member financial health and well-being as member-owned–not–for-profit cooperatives whether from the perspective of capital levels, CAMELS ratings or asset quality, the urban cooperative banking industry is generally healthy and well capitalized. The number of UCBs under composite rating ‘A’ and ‘B’ consistently increased from the year 2011-12 to 2015-16 whereas composite rating of ‘C’ and ‘D’ declined the same period (See table 1).Out of the 8 parameters have been selected for measuring the performance of UCBs in the post vision document clearly states that 6 parameters are in favour of this sector i.e., gross and Net NPAs, deposits, loans, grade-wise rating, CAMELS ratings, and total assets. Only two parameters did not i.e., number of banks and share of UCBs assets to banking assets Yet UCBs have faced a crippling wave of new regulatory burdens in the years since the implementation of Vision Document 2005. The article make an attempt to find out whether or not the urban cooperative banking sector can achieve and sustain a rate of growth that will carry them to a position of prominence in the post vision document period.