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We have a new Ministry of Cooperation! Now what?

We have a new Ministry of Cooperation! Now what?
By Balasubramanian Iyer
The creation of the new Ministry of Cooperation has been greeted with euphoria and jubilation by members of cooperatives across India. The general public was left wondering what ‘cooperation’ was all about and the political class up in arms about usurping of state rights. Therein lies the challenge and the opportunity for the new Ministry – educate the public about cooperatives as people-centered enterprise model, shed the political and bureaucratic baggage, and create an environment to revitalize and rejuvenate the cooperative movement.
Cooperatives have been in existence in India for 117 years! The first cooperatives were started under British Rule in response to agricultural distress and indebtedness. Since then, they have grown across sectors and today there are around 850,000 cooperatives with over 290 million members (roughly 20% of the population)! Over time, new forms such as Self- ....

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Policy watch: Are Indian PSBs headed for a further downgrade?

Policy watch: Are Indian PSBs headed for a further downgrade?
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Merging DCCBs will destroy rural credit flow: Sanghani

Reacting to RBI issuing guidelines for merging district central cooperative banks with state cooperative banks, NCUI President Dileep Sanghani said that this is unjustified, and it will destroy ....

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Sanghani skirts RBI diktate on dividends; offers interest-rebate

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. ....

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NAFSCOB chairman welcomes Banking Amendment Bill

NAFSCOB chairman welcomes Banking Amendment Bill
Updated:
Updated:
Centre urged to take steps to protect spirit of cooperative movement
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NAFSCOB chairman Konduru Ravinder delivering the inaugural address of the two-day national review meeting and national conclave of rural cooperative banks at the Bankers’ Institute of Rural Development in Lucknow on Thursday.

Centre urged to take steps to protect spirit of cooperative movement
The National Federation of State Cooperative Banks (NAFSCOB) has welcomed the Banking Regulation (Amendment) Act which is set to come into force from the next financial year, April 1, claiming that it was aimed at providing good governance by checking leakages and misappropriation of funds. ....

Uttar Pradesh , Andhra Pradesh , Konduru Ravinder , Banker Institute Of Rural Development , Agricultural Cooperative Societies , Agricultural Cooperative Societies In Telangana , National Federation Of State Cooperative Banks , National Federation , State Cooperative Banks , Banking Regulation , Reserve Bank , Banker Institute , Rural Development , Banking Amendment , Primary Agricultural Cooperative Societies , உத்தர் பிரதேஷ் , ஆந்திரா பிரதேஷ் , கோண்டுறு ரவிந்தேர் , வங்கியாளர் நிறுவனம் ஆஃப் கிராமப்புற வளர்ச்சி , தேசிய கூட்டமைப்பு ஆஃப் நிலை கூட்டுறவு வங்கிகள் , தேசிய கூட்டமைப்பு , நிலை கூட்டுறவு வங்கிகள் , வங்கி ஒழுங்குமுறை , இருப்பு வங்கி , வங்கியாளர் நிறுவனம் , கிராமப்புற வளர்ச்சி ,