The Cooperative Bank of India orchestrated a two-day National Seminar titled ‘Recent Changes in RBI Rule and MSCS Act 2023-Impact on Cooperative Sectors’ at Kevadia, Gujarat, inaugurated by its Chairman Ajaybhai Patel.
Gathering momentum with the presence of Gujarat State Cooperative Union Chairman G H Amin, the event welcomed 62 delegates representing district, state, central, and urban cooperative banks nationwide.
Chairman Ajaybhai Patel articulated the seminar’s objectives during the inauguration, underlining the cooperative sector’s pivotal role in advancing towards a 5 trillion-dollar economy and competing effectively with corporate entities.
Insightful discussions ensued, spearheaded by G H Amin on the latest amendments in the BR Act, further elucidated by Subhash Gupta, Advisor at COBI. Dr. V K Dubey, Managing Director of COBI, delved into the Changes in MSCS Act and its Impact, shedding light on its implications.
Gopal Dakan, a Chartered Accountant from Surat, shared expertise on Compliance & Penalties in Cooperatives, emphasizing the significance of adherence and repercussions. Shri S C Pradhan, Principal at Delhi Cooperative Training Center, navigated through Guidelines on Cyber Security in Cooperative Banks, highlighting its paramount importance.
The seminar fostered a platform for profound discussions, knowledge dissemination, and networking among participants from diverse cooperative-banking institutions. With well-structured sessions led by seasoned experts, the event successfully tackled pertinent issues facing the cooperative banking sector, setting the stage for heightened collaboration and progress.
In addition to the enriching sessions, participants had the opportunity to visit the iconic Statue of Unity, further enriching their experience.
