While inaugurating the newly constructed building of Karnataka based SSK Cooperative Bank limited, Nafcub Chairman Emeritus and veteran Cooperator H K Patil said, “Central government is discriminating against cooperative banks as they have to pay more tax in comparison to private banks. Cooperative banks should be exempted from Income Tax, he demanded.
“Private banks have to just pay 22 percent corporate tax while co-op banks and UCBs having a turnover of 15-20 crore have to pay 33%”, he added.
On this occasion, President of SSK Co-operative Bank Vitthal P. Ladwa, Vice-President Narayan S Zartarghar, Director Narayana Baddi, CEO Sunil Hanumasagar and others were present.