Kerala Bank will be strengthened, says Vasavan
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‘New options of cooperative banks will be explored’
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‘New options of cooperative banks will be explored’
Modernisation of the State’s cooperative sector, strengthening of Kerala Bank, and formulation of innovative loan schemes for farmers and working class are the priorities of V.N. Vasavan, the newly appointed Minister for Cooperation and Registration.
In an interaction here on Saturday, Mr. Vasavan said the inflow of capital in the form of Non-Resident Indian (NRI) deposits would prove to be a game-changer for Kerala Bank. “Funds with local self-government institutions and the salaries of its employees are being handled by the State Bank of India. Discussions will be initiated to see if these operations could be shifted to Kerala Bank,” he said.