Bihar DCCBs up in arms against merger proposal
Bihar State Co-op Bank mired in controversies: Amar Pandey
Cooperators connected with Bihar’s District Central Cooperative Banks (DCCBs) have strongly condemned the state government move for merger of DCCBs with State Cooperative Bank and warned that they would be protesting against the government.
The cooperative leaders were reacting to the government officials seriously looking into the RBI guidelines issued recently in this connection.
In his reaction, Gopalganj DCCB Chairman Mahesh Rai said, the move is not in the interest of DCCBs and we are against this. Merger of DCCBs with StCBs will destroy the three-tier structure and ultimately with this farmers will suffer a lot because of lack of monitoring.