Exit Cooperative Banks, time to scale up small finance banks : News Reel: Business Today
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Exit Cooperative Banks, time to scale up small finance banks

July 1, 2020

Cooperative banks, which control less than 4 % of the deposits and advances of the banking system , have outlived their utility . There are more than 1500 cooperative banks which makes it difficult for regulators to do on sight inspection. There are already 10 small finance banks operational in the country. In just 4 years, Small Finance Banks have mobilised deposits of Rs 55,000 crore and advances of Rs 70,000 crore. It's time Cooperative Banks gave way to Small Finance Banks in India. Explains Anand Adhikari, Business Today, Executive Editor.

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