6 co-op banks may be forced shut despite Cong-NCP push

.....“We are in touch with RBI authorities after this letter, and have pointed out that the issue had been flagged at the highest level and the Centre is considering an extension, as well as a package. It’s not the question of just six banks of Maharashtra; there are 20 banks in the country that may be shut down and hence we are hoping for some way out,” said a bureaucrat on condition of anonymity. However, the RBI has already given these banks two extensions, and the Centre has not yet assured any help to the state government.......

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