Business Daily from THE HINDU group of publications Wednesday, Feb 07, 2007 ePaper |
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Money & Banking
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Co-operatives Panel on UCBs sought Our Bureau
Stressing the need for recognition of the UCBs by the Central Government as important instrument of credit, he said the Government should ensure that Professor Vaidyanathan's Task Force recommendations with reference to Agricultural Cooperative Banks vis-à-vis State Governments interference be made applicable for UCBs too. `The Government should immediately appoint an Expert Committee to explore the possibility of reviving the unviable UCBs and enhancing the overall financial viability of all UCBs.'
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