Union Home and Cooperation Minister Amit Shah is scheduled to meet leaders of Maharashtra’s cooperative banking sector in Ichalkaranji on Saturday to discuss issues concerning urban cooperative banks.
Among the key matters expected to be raised is the implementation of the 10-year director tenure rule applicable to cooperative banks.
The interaction will take place on the sidelines of the inauguration of the new administrative headquarters of Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd. (KAIJS Bank), a Multi-State Scheduled Bank.
According to information available with Indian Cooperative, representatives of the Maharashtra Urban Cooperative Banks Federation, along with cooperative banking leaders including Milind Kale, Ajay Barmecha, Vidyadhar Anaskar, Sanjay Bhende, Swapnil Awade, Hemant Dhatrak, Vaishali Awade, Vishwas Thakur, Nipun Kore, Sharad Gangal and others, are expected to participate in the meeting.
The meeting, likely to be held around 2:00 pm, will focus on issues affecting urban cooperative banks, particularly small and medium-sized institutions.
It is expected to be held in the newly constructed boardroom of KAIJS Bank. Sector representatives have prepared a list of issues for discussion with the Minister, covering regulatory, governance and operational concerns facing cooperative banks.
Apart from meeting cooperative bank representatives, Shah is also expected to interact with delegates from Maharashtra’s cooperative sugar sector and address a public gathering in Ichalkaranji, where a large turnout is anticipated.
Let RBI handle the matter on its own way to discipline the UCBs. The UCBs must follow the norms and there is no point in fighting in the Court of Law,as the regulator is supreme in Banking matters.