Kerala Co-op Bank: IIM predicts its success

All indications are that the dream of the Kerala Cooperative Bank (KCB) will soon translate into a reality, reports New Indian Express.

The detailed project report (DPR) prepared by Bangalore IIM envisions the KCB as a professional enterprise competing with commercial banks. The bank is expected to have an estimated deposit of Rs 58,000 crore.

The state govt plans to have an experienced professional head for the bank. Experts have worried that the lack of professionalism has invariably defined the cooperative banking sector.

However, sources say ridding the bank of political vested interests in the Kerala context could be a difficult task.

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