Ahmedabad, Sep 4 (PTI) The co-operative banking scenario in the country stands improved as the sector has clocked a double digit growth 13 per cent in its deposits, a top official said.
"The deposits of co-operative banks in the country stood at 1.17 lakh crore up to March 2007, and reached Rs 1.38 lakh crores up to March 2008, a hike of 12-13 per cent," National Federation of Urban Co-operative Banks and Credit Societies (NAFCUB) CEO D Krishna told PTI.
"We expect the growth in co-operative banking sector to be better this fiscal, especially after RBI's nod to the co-operative banks to open new branches," Krishna said.
Also, the working of co-operative banks in the country is satisfactory now. The 1,770 odd co-operative banks in India today deploy total working capital (deposits and share capital plus reserves) of Rs 1.
"The deposits of co-operative banks in the country stood at 1.17 lakh crore up to March 2007, and reached Rs 1.38 lakh crores up to March 2008, a hike of 12-13 per cent," National Federation of Urban Co-operative Banks and Credit Societies (NAFCUB) CEO D Krishna told PTI.
"We expect the growth in co-operative banking sector to be better this fiscal, especially after RBI's nod to the co-operative banks to open new branches," Krishna said.
Also, the working of co-operative banks in the country is satisfactory now. The 1,770 odd co-operative banks in India today deploy total working capital (deposits and share capital plus reserves) of Rs 1.
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