With 863 primary cooperative banks reporting combined losses of Rs 7,042 crore, Kerala Bank has initiated a revival plan starting July. Expert teams will inspect struggling banks in batches, beginning with 30 of the worst-affected institutions, reports the Mathrubhumi
Training and assessments will be conducted at the Co-operative Staff Training Institute in Thiruvananthapuram. The plan includes financial assistance and support from both the state and central governments.
The initiative aims to tackle rising arrears, falling deposits, and operational inefficiencies through tailored action plans. Kerala Bank’s intervention seeks to restore financial health and public confidence in the cooperative banking sector before the crisis deepens further.
