Ever since the RBI has given Maharashtra State Cooperative Bank a clean bill of health, the bank is bubbling with new ideas and plans.
It is so excited that it has decided to venture into wholly new businesses. It feels its work with sugar and spinning mills is over. It has maxed out on this sector.
MSCB has begun preparing itself for a large-scale diversification into corporate financing, information technology, manufacturing and engineering, infrastructure and energy.
MSCB officials say even if the bank is largely withdrawing from the conventional businesses, it would not stop helping fisheries, floriculture, sericulture and food processing in the cooperative sector.