Reacting to his induction as a member in the expert committee on UCBs, as announced by RBI on Monday, Nafcub President Jyotindrabhai Mehta said, “the constitution of an expert committee is the need of the hour.”
Talking to Indian Cooperative Mehta added “the Banking Regulation Amendment Act was a big step forward so far as the growth of the UCB sector was concerned and now this Committee will fulfil aspirations of the sector.
Promising to do his best Mehta said “We will work together to strengthen the cooperative banking sector.”
It bears recall that RBI announced the constitution of an Expert Committee on UCBs, which will be chaired by N S Vishwanathan, Former Deputy Governor.
There are many leaders including Vidyadhar Anaskar who have resented the inclusion of just one member from the UCB fraternity.