Co-op. Minister directs review of financial standing of DCC Banks
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Bengaluru, May 28 -- With irregularities and misappropriation of funds in several DCC (District Central Co-operative) Banks coming to the fore, Co-operation Minister S.T. Somashekar on Tuesday directed officials to undertake grading of the banks by independent private agencies or NABARD.
He was speaking at a progress review meeting with top officials of the Department during which the functioning and problems of DCC Banks and Apex Banks were discussed.
Stressing on the need for a singular review of all DCC Banks in the State, Somashekar said it is important to know the financial standing of every bank and its current status.
Pointing out that the time has come for grading banks depending upon their functioning and financial standing, h...
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