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India’s central bank urges urban co-op banks to modernize and expand lending under a new 2025–2030 reform plan.
The Telangana government has appointed District Collectors as interim managers of District Cooperative Central Banks for six months or until elections, citing improved oversight amid administrative changes.
In Bihar, a central review of the State Cooperative Bank emphasized boosting credit delivery and financial inclusion, with loan sanctions issued under a self-reliance scheme.
Meanwhile, RBI’s Satish K. Marathe urged Urban Cooperative Banks to adopt new governance practices, digital transformation, and purpose-based lending, releasing a 2025–2030 vision document to guide reforms.
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El banco central de la India insta a los bancos cooperativos urbanos a modernizar y expandir los préstamos en virtud de un nuevo plan de reforma para 2025-2030.