..............With 4,839 branches and 1,576 ATMs, cooperative banks have made their presence felt in every nook and corner of the state. In rural areas, cooperative banks are the only banks available to a large section of population. The Reserve Bank of India (RBI) and commissioner of cooperatives have joint control over banks. RBI can suspend the business of banks and appoint administrators by dismissing the board of directors. According to Dhanajay Dhoipode, joint registrar of cooperative societies, 10 banks have administrators as the RBI had dismissed their board of directors to save the banks and their depositors as bad loans piled up.........
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