Business Line reports Maharashtra govt. will give its banking mandate to banks including 15 district central cooperative banks in the state. The mandate means the limited handling of some funds.
A press statement issued by the Chief Minister’s Office, among other things, says opinion has been sought from the Maharashtra Department of Co-operation, Textiles and Marketing on District Central Cooperative Banks that are financially viable and are professionally managed.
15 District Central Co-operative Banks have been allowed to conduct government banking transactions (excluding salaries and pensions of government employees).