“The crisis of confidence” brought about by the collapse of Ahmedabad-based Madhavpura Mercantile Co-operative Bank (MMCB) is a chapter in history feels N S Vishwanathan, the Executive Director of Reserve Bank of India (RBI) who on Saturday pointed out that the urban co-operative banking sector in the country was currently in a growth-mode. “The failure of the Madhavpura Mercantile Co-operative Bank, had a deep impact on the sector. Everyone knows, it was a case of bad governance. The bank’s failure had..........
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