Once again, the Supreme Court has ordered the Noida Development Authority to provide banks including the cooperative banks located in residential areas with space so as to enable them to relocate soon.
The court has given six weeks’ time for the relocation.
However, V K Sharma CEO Noble Cooperative Bank and Prem Mishra of Citizen Coop Bank consider the time limit fixed by the court inadequate as the relocation is a complicated business involving countless formalities.
Additionally, in their view banks should be provided with furnished ready to move in places rather than just spaces for the relocation.
Their banks are not realtors and if treated as such their shifting would become well-nigh impossible, they said to Indian Cooperative.com.
They are optimistic nevertheless and hope that the Noida Authority would soon take necessary steps to implement the Supreme Court order.
