Deferment of income tax on profitable co-operative banks is a foregone ask from the government & the RBI. KK Mehra, CEO of Delhi based Khatri Urban Cooperative Bank vociferously asserts “the Finance Minister at one stroke cancelled the benefits that were available to co-opdianerative banks, without realizing its impact. The move will adversely affect banks, as it is an extra burden on co-operative banks, which are already struggling to keep themselves afloat.”
Besides, alternate instruments for augmenting capital is not enough; making these instruments a viable investment options for investors is the need of the hour, which the RBI and the government should realise. Else the deposit base of Rs.1 trillion with these co-operatives will only evaporate one day.
For complete IIPM article click here
Source:- IIPM Editorial
An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative
Besides, alternate instruments for augmenting capital is not enough; making these instruments a viable investment options for investors is the need of the hour, which the RBI and the government should realise. Else the deposit base of Rs.1 trillion with these co-operatives will only evaporate one day.
For complete IIPM article click here
Source:- IIPM Editorial
An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative
