Cooperators hail Marathe’s elevation to RBI Board

Cooperators cutting across the spectrum have hailed the elevation of Satish Marathe to the Central Board of apex bank RBI. Earlier, on Tuesday in a notification quoting Finance Ministry RBI wrote “We have great pleasure in nominating you as Director of the Central Board of the Reserve Bank of India, with effect from August 7, 2018.”

Jyotindra Mehta

Jyotindra Mehta, the President of Sahakar Bharati and a long time friend of Marathe wrote his reaction to Indian Cooperative “Shri Satishji Marathe, Ex. Rashtriya Adhyaksh and Patron Sahakar Bharti is the right choice at right place i.e Director of RBI. A real Banker and a true Co-operator; We are Proud of him!

Dr U S Awasthi

IFFCO MD Dr U S Awasthi was also one of the firsts to congratulate Marathe on social media. Awasthi tweeted “ Heartiest Congratulations to Sh. @SatishMarathe1 Ji for being appointed as Director on the central board of @RBI by GOI. A well deserved position. Best wishes for the first board meeting today.”

Sunil Sathe, CEO, TJSB Sahakari Bank

It is a welcome move. The cooperative sector has got a representative on the board of Reserve Bank of India and we are hoping that all the pending issues related to the sector will be resolved.

Jayant Kashinath Kakatkar, CEO, Janata Sahakari Bank, Pune

It is a wonderful news for the cooperative sector. In past he (Satish Marathe) had worked with several UCBs at various top positions and has a vast knowledge of the Co-op Banking Sector. He will have no problem addressing the issues. We welcome the move.

K Joy Thomas, MD, Punjab & Maharashtra Cooperative Bank

It’s really a joyous moment. I think, he would forcefully present the issues of the cooperative sector. We are happy that a knowledgeable person like him is on the Central Board of RBI.

Laxmi Das, Chairman, Delhi Urban Cooperative Bank Federation and Kangra Cooperative Bank

We hail the move. We hope that our issues would be addressed on a priority basis. As Satish Marathe is associated with the cooperative movement, his presence on the RBI’S board will benefit the movement.

Chalasani Raghavendra Rao, Chairman, Visakhapatnam Cooperative Bank

It’s a welcome move. I am sure, many issues of cooperatives pending before the RBI like application related to branch expansion and Scheduled Status for UCBs would be taken up soon.

Rajan Hombalkar, CEO, Apna Sahakari Bank

We are happy that a leading cooperator is on the RBI board. Satish Marathe’s elevation will not only benefit the cooperative sector in ways more than one but also help the sector get some of its urgent issues addressed by the apex bank.

CA Pradeep Jagtap, Chairman, Janaseva Sahakari Bank, Pune

It’s really a pleasant news for us in the cooperative sector. With a friend in court, the sector is bound to receive enough attention from the RBI. With an experience spanning 35-40 as a cooperator, Marathe will be helpful for cooperatives. His appointment as one of the RBI directors has indeed caused the explosion of our expectations.

Satish Gandhe, CEO, Vishweshwar Sahakari Bank

We welcome the move. Sahakar Bharati Patron Satish Marathe knows the ground reality of the Cooperative Sector .This perhaps is the first time that a representative from the sector has been inducted in the Central Board of the RBI. We all are looking forward to his working in the interest of the sector…

Anil Rao, Chairman, Jalgaon Janata Sahakari Bank

It is a good news. The government has recognized the role Sahakar Bharati has played in improving the conditions of the cooperative banking sector. Now the voice of the cooperative banking sector will be heard in the corridors of the RBI.

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Comments ( 4 )

  1. Sanatkumar Banwaskar

    It is great pleasure to have grate news like Mr.Satishji Marathe has nominated as the director to RBI . He has spent maximum tenure for betterment of UCB sector . I thank Finance Ministry for right choice. He will surely helpful for co-op and UcB ‘s upliftment. I express my congratulations.

  2. RAJENDRA V VARTAK

    It’s really a good news. Coop Banks have now got representative on RBI ‘s central board. A nice move by RBI.

  3. J w kadu

    First time in the history of central board of RBI’S having cooperative movement person in the seat.so now the cooperativeswill get the justice . how nice move by RBI.

  4. Shekhar Kibe

    After very very long time a good news for cooperative Banking Sector.

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