Addressing a cooperative function in Uttar Pradesh recently, Union Minister Sanjeev Balyan strongly opposed the ’Yogi government’s idea of merging DCCBs and SCBs in the state.
“The District Central Cooperative Banks located in the Western region of Uttar Pradesh are performing well but their counterparts in the Eastern region are not doing equally well. This has taken a toll on the cooperative movement in the state. Thus all the banks should not be merged”, said Balyan.
Readers would recall that a move to amalgamate DCCBs in Uttar Pradesh into one single entity is taking positive shape. The merger proposal of 50 District Central Cooperative Banks and a State Cooperative Bank is ready and will soon be sent to the government for approval.
It was recently reported that the merger points were agreed between the members of the Academic Technical Committee.