.........Though officially it cannot carry out banking operations, as RBI has struck down its banking licence application, the cooperative plans to put CBS in place by this month-end. The management hopes that this will help strengthen its case before the court, which is hearing its petition against the RBI order. The next hearing is scheduled on June 20. CBS will ensure anywhere banking, linking all branches of NDCCB. This is also expected to help get back teachers' salary accounts, which have been pulled out of NDCCB this month. One of the reasons for the withdrawal was that NDCCB did not have CBS, said a source here............
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