The apathy of Indian media towards cooperative becomes apparent when we note that even the globally important achievements fail to attract their attention. By contrast, an African news outlet Punch has reported extensively about Cooperative Mortgage Bank CMB being elected to represent Africa on the seven-member board of International Cooperative Banking Association.
Interestingly, Indian banker and MD of the apex body of State Cooperative Banks- Nafscob Managing Director Bhima Subramaniyam was elected as the President of the International Cooperative Banking Association (ICBA) but there is not a word on it in Indian media except this news portal.
Indian Cooperative carried the story prominently titling it “ICBA: Bhima elected President in Kigali”. The story attracted wide attention globally and in no time our tech head informed that more than a million people have accessed the news item.
NCUI Chief Executive N Satyanarayana who played a prominent role in Bhima’s election by negotiating with many voters, recalled how tough was the challenge.
It bears recall that ICBA was established in 1922 and aims to felicitate exchange of information, promote cooperation among cooperative banks, advise and assist the development of new cooperative banks, carry out studies and researches on subjects of common interest and several other things.
CMB, the new board member if ICBA provides solutions to housing needs in Nigeria by providing quality and affordable houses with the ease of making payment for cooperatives, reports Punch.