Reacting to RBI issuing guidelines for merging district central cooperative banks with state cooperative banks, NCUI President Dileep Sanghani said that this is unjustified, and it will destroy
DCCBs merger: Sah Bharati writes to RBI & Nabard against the move
Sah Bharati has also briefed Rupala & wrote to FM
The Monday notification of RBI on facilitating state govts eager to get their DCCBs amalgamated with state co-op banks is a shocker for many. More so because it came at a time Sahakar Bharati had written to RBI and the Finance Minister and was hopeful of a peaceful resolution of the issue.
Sahakar Bharati, which owes its allegiance to the Sangh Parivar (RSS) always held the view that the three-tier system of rural credit is crucial for making India a 5 trillion economy. It held many brain-storming sessions on the issue, as recently as a couple of months ago at the NCUI headquarters in Delhi in the presence of Parshottam Rupala and Suresh Parbhu.
The National Executive Committee of Sahakar Bharati which is going to be held later this month in Delhi, is going to pitch for the creation of a separate Ministry for the Co-operative sector at the national level.
To be held on 27th & 28th February at the NCUI Auditorium, New Delhi, the NC is going to deliberate many issues including the fact that the concentration of economic and political power in the hands of a few is not conducive for a balanced and equitable growth.
Talking to Indian Cooperative Sahakar Bharati’s National General Secretary Dr Uday Joshi said a cross section of co-operators are opposed to the idea of merger of DCCBs with State Co-op Banks. A full three hours debate will follow PowerPoint Presentation on the subject in the national executive, he added.