Depositors having their account in cooperative banks may rest at peace now. After Nagpur Mahila, Samata Sahakari and Parmatma Ek Sevak, banks were de-licensed by RBI (Reserve Bank of India ) and shut down, others cooperative banks were under pressure, but Reserve Bank of India has declared there is no cooperative bank with negative net worth. This declaration has brought relief to depositors.
The situation has improved due to bank showing consistent improvement in financial parameters.
Depositors having their account in cooperative banks may rest at peace now. After Nagpur Mahila, Samata Sahakari and Parmatma Ek Sevak, banks were de-licensed by RBI (Reserve Bank of India ) and shut down, others cooperative banks were under pressure, but Reserve Bank of India has declared there is no cooperative bank with negative net worth. This declaration has brought relief to depositors.
The situation has improved due to bank showing consistent improvement in financial parameters.