A number of district central cooperative banks in Maharashtra are reported to be in desperate straits and efforts to help them return to a healthy and viable condition have failed. The crisis of these banks is mainly attributable to a tight stranglehold the unscrupulous politicos have long exercised over them. Additionally, the banks have seriously been damaged by a series of financial scandals. The DCCBs get money from the banks that in turn get their fund from National Bank of Agriculture ...

National Bank for Agricultural and Rural Development (NABARD) has decided to work out  a  common technological arrangement  that will cover nearly 150 state and central cooperative  banks  in various states including Maharashtra. According to the NABARD sources, this will not only streamline the credit extension process but also greatly boost financial inclusion in the country. Nearly 5 thousand branches of banks and their administrative offices will be able to share data and knowledge ...