Sunday, June 17, 2012

Nationalized banks come to farmers' rescue

...... meeting of the state-level banking committee (SLBC) called by Chavan on Thursday in Mumbai agreed to fill up the gap in farm loans sector created by the inability of the six DCCBs to carry on operations following restrictions imposed on them by the Reserve Bank of India. These cooperative banks, which had gone deep into red following the old government-securities scam as well as other bad loans, were put on a leash recently by the RBI......

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