News Karnataka
Saturday, December 10 2022
Dharwad

Foreign Banks Threatening Co-op Societies and Indian Economy: H K Patil

Photo Credit :

Dharwad: “The banks of foreign origin and their wrong policies have threatened the very existence of our cooperative societies which have been serving the society as the tools of self-reliance for rural people, said Rural Development and Panchayat Raj Minister H K Patil.

Speaking after inaugurating the 63th All India Co-operative Week celebrations and launching of the logo of Karnataka Co-operative Credit Bank’s Centenary celebrations here on Monday, Patil said the banks with foreign roots have also impacted the health of our banking system in the country. Farmers are not willing to transact with such banks which have become impediments in the road for economic development, he said.

The Reserve Bank should come forward to support cooperative banks by withdrawing certain unwanted policies; crop compensation must be distributed through Co-operative societies, he opined.

Karnataka State Co-operative Federation President Shekhargouda Malipatil said Karnataka is second in the country with respect to the development of milk growers and co-operative credit societies.

Textile Minister Rudrappa Lamani released the logo of KCC Bank’s centenary celebrations. MLA B R Yavagal, MLC Srinivas Mane, District Co-operative Union President Bapugouda Patil, KCC Bank President I S Patil and others were present.

Foreign Banks Threatening Co-op Societies and Indian Economy: H K Patil

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published. Required fields are marked *

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp