Marathe strongly advocates continuity of district central cooperative banks
RBI Board member and Sahakar Bharati founder member Satish Marathe strongly advocated continuity of district central cooperative banks, calling them the lifeline of the rural co-op credit system. Marathe was speaking at the launch of the Cooperative Development Forum.
Ushering in a new chapter in the Indian cooperative movement, Parshottam Rupala, Union State Minister formally inaugurated the ‘Cooperative Development Forum’ at a simple yet elegant function at the NCUI headquarters in Delhi on Monday.
Lambasting some of the state govt moves to merge DCCBs into an apex bank, Marathe said how can you imagine a rural credit system without the local feel. Can an apex bank sitting at the state capital know about the needs of rural folks as well as DCCBs or PACS he asked?
DCCBs have been...