The Reserve Bank has hiked bank rate for Primary (urban) Co-operative Banks by 3. 5 per cent to 9
As many as 32 co-operative banks in the country folded up last year forcing the depositors to invoke insurance guarantee to recover part of their losses.
Investment banker Edelweiss Capital today said it will soon finalise partners for its proposed foray into asset reconstruction business.
With a majority of Indian population still remains under-insured, over 40 life insurance companies are competing against each other to grab a share
At a time when cooperative banks in the country are struggling to remain afloat, Pune-based Mahesh Sahakari Bank has moved along smoothly by adopting modern technology and banking services.
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