CEO of the largest credit cooperative in the country Buldana Urban Dr Sukesh Zamwar has welcomed the appointment of Urjit Patel as the RBI Governor. Zamwar hopes Patel’s vast experiences across institutions including IMF would benefit the cooperative sector along with other sectors of the country’s economy.
Talking to Indian Cooperative Zamwar said economy is in dire need of reforms and Patel will have to take some bold decisions. He would have to rise above the bureaucratic red-tape acting as a damper on economic growth in the country, he added.
”Patel would do well to make a team of Advisors for various sectors of the economy so that he gets feedback from the down-below. The team should consist of experts and one such on cooperative would go a long way in solving our issues”, Zamwar was emphatic.
There is need to take the private sector on board to get good return. The RBI under Patel should moot the idea of major-funding in the private sector ; I am sure the results would be great, Sukesh felt.
Dr Sukesh Zamwar had been recently honored by the Maharashtra Govt for leading the largest multi-state credit cooperative society in the state. Buldana Urban is a multi-purpose cooperative with varied interests.
Buldana boasts a business mix of 1.3 Billion USD with a workforce counting close to 5500. The company’s core competence is offering credit as a cooperative and this is evident from the fact that it has a spread of about 365 branches doing it.