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Home Co-op News Snippets

RTC Co-op Credit Society in news

Staff Reporter by Staff Reporter
June 16, 2021
in Co-op News Snippets
0
Anaskar heads Covid Impact Committee on UCBs
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Hansindia.com reports things are not alright in the RTC Co-operative Credit Society. Due to RTC ownership, the society, which made a profit with interest by lending the workers’ savings in exchange for their needs, was on the verge of closing down.

It is said a huge amount of money must be repaid to the society by the RTC. In view of the financial crisis, thousands of workers cancelled their membership and applied for a settlement.

Tags: cooperativeprofitRTCworkers
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