Crisis hits cooperative banks in Maharashtra

….The crisis of these banks is mainly attributable to a tight stranglehold the unscrupulous politicos have long exercised over them. Additionally, the banks have seriously been damaged by a series of financial scandals. The DCCBs get money from the banks that in turn get their fund from National Bank of Agriculture and Rural Development (NABARD). As these banks play an important role in the distribution of agricultural credit, their collapse would have serious consequences.…..

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