On this occasion, Shah who himself is a cooperator and had been Chairman of co-op banks in the past dwelt on the issue of cooperative movement at length.
The GSC Bank is the apex bank of 18 co-operative banks in Gujarat having more than 1,200 branches across the state. While launching the first ‘RuPay’ ATM and debit card for the bank, Shah said one should not underestimate the capabilities of such banks.
Apart from Gujarat, Shah claimed that co-operative movement is still active in many other states, such as Maharashtra, Karnataka and Rajasthan.
“I know the strength of co-operative movement. This newly launched RuPay card and ATM is just a beginning. Looking at the sheer size and reach of this sector, I am sure that within next 5 years, debit cards issued by co-operative banks will be highest in India,” he said.