NCDC-NAFSCOB MoU bears fruit; LINAC launches online training indiancooperative.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiancooperative.com Daily Mail and Mail on Sunday newspapers.
NAFSCOB holds virtual meeting; Participants seek moratorium on loan
NABARD Chairman & NCUI Prez also attend, among others
The apex body of State Cooperative Banks and District Central Cooperative Banks-Nafscob organized its board meeting virtually on Friday in which Nabard Chairman G R Chintala was a special invitee. Besides discussion on several issues pertaining to State Co-op Banks and DCCBs, the representatives of co-op banks wanted RBI to announce yet another round of loan moratorium scheme in the wake of lockdown in different states due to Covid surge.
“There should be an expert committee to address the issues related to Co-operative Banks as was done by the RBI for Urban Cooperative Bank in February 2021”, felt several participants.
Uttarakhand DCCBs do wonders; thank state govt for support
StCB and DCCBs earn a combined profit of Rs 60 cr & recover Rs 150 cr of bad loans
Almost all the DCCBs of Uttarakhand have not only earned profit but also recovered a huge part of dead loans, underling the fact how things change for better when state govt and co-op institutions work in tandem.
The NPA recovery campaign launched by Uttarakhand Cooperative Minister Dhan Singh Rawat has come out with good results. The State Cooperative Bank and District Central Cooperative Banks are able to earn a net profit of more than Rs 60 crore in the 2020-21 financial year.
Sanghani skirts RBI diktate on dividends; offers interest-rebate
Amreli DCCB helped 300 co-op societies thru interest-rebate: Sanghani
An ace cooperator Dileep Sanghani knows how to overcome the limitations of state laws. The matter relates to RBI not allowing distribution of dividend to shareholders of co-op banks in the wake of pandemic.
Hitting upon a novel idea, Sanghani led Amreli District Central Cooperative Bank decided to offer rebates in the accrued interests on loans taken by the shareholders associated with hundreds of small co-op societies in this case. “A brilliant way to fulfil both the RBI norms and help farmers!”, cheered co-operators.
Marathe lambasts DCCBs merger; Rupala calms frayed nerves indiancooperative.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiancooperative.com Daily Mail and Mail on Sunday newspapers.