Financial Daily from THE HINDU group of publications
Saturday, Jan 07, 2006
Financial Daily from THE HINDU group of publications Saturday, Jan 07, 2006 |
|
|
|
|
|
|
|
Money & Banking
-
Co-operatives RBI signs pact with M.P. to strengthen urban coop banks Our Bureau
Mumbai , Jan. 6 THE Reserve Bank of India has signed a memorandum of understanding with Madhya Pradesh to strengthen its urban co-operative banks. As a result of this pact, a state-level Task Force on Urban Cooperative Banks has been constituted for Madhya Pradesh. The RBI Regional Director, Dr K.V. Rajan, has been appointed the chairman of the task force while Mr Malay Shrivastava, Registrar of Co-operative Societies, Madhya Pradesh, its co-chairman. This is as per the RBI vision document, which proposed the constitution of a state-level task force on urban cooperative banks, under the chairmanship of Regional Director of the Reserve Bank for the concerned state with the Registrar of Cooperative Societies as the co-chairman. Similar MoUs have also been signed with Andhra Pradesh, Gujarat and Karnataka. The objective, according to RBI press release, is to identify the potentially viable urban co-operative banks and to draw up a time-bound action plan for their revival.
More Stories on : Co-operatives
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|