Each and every decision in most Coop bank are taken by the board, who have vested interest. All Coop banks have a CEO for name sake. The CEO, in some banks, does not have the power to pass bills even for Rs 5/-. Loans are given to the 'same community / cast' people without proper assessment. Apart from this, there are IR issues like leave, number of holidays, PF, ESI and Gratuity, which are outside the purview of RBI.
PROBLEMS OF CO-OP BANKS.(1 post)
Posted 6 years ago #
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