......Co-operative banks, according to Amonkar, are constrained by bottlenecks in parameters. They cannot deal in forex and therefore lose out on profit income. They also have limited capital and cannot open ATMs and have to tie-up with commercial banks for CBS, RTGS and NEFT services. Another barrier to growth is restrains on opening new branches as a result of which scope of operations is limited. ............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
1 comment:
What the cooperative banks in India is lack of cooperation and networking among cooperatives. This is due to lack of transparency and communication over credible inter-relationships. They should learn from the ICA and Canadian Cooperative Central Union a lot. They open to non-members investment shares with no voting rights and assured dividends that always found them capital strong.
Post a Comment