Madhya Pradesh to upgrade services of cooperative banks

June 12th, 2008 - 9:41 am ICT by IANS  

Bhopal, June 11 (IANS) Cooperative banks in Madhya Pradesh will now get facilities at par with private banks and services like core banking would be introduced, official sources said here Wednesday. The decision was taken at Apex Bank’s Working Committee meeting chaired by Cooperative Minister Gopal Bhargava.

Bhargava felt that improvement in the working pattern of cooperative banks and linking them with modern techniques has become imminent, and said that the officers and the employees of cooperative banks should be prepared for the upcoming changes, sources said.

Registered under the Madhya Pradesh Co-operative Societies (Amalgamation) Act, 1957, the Apex Bank is a cooperative society controlling all district cooperative banks in the state.

The working committee also agreed in principle to make services of cooperative banks more efficient and start core banking, ATM services, any branch banking, e-banking and mobile banking with a view to help banks compete with private banks.

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