RBI director criticises ‘poor’ cooperative governance

Official calls for ‘sustained efforts’ to address range of ‘inadequacies’

Reserve Bank of India in Mumbai
Photo: RBI

Indian cooperative banks are "beset with problems" according to Reserve Bank of India executive director Deepali Pant Joshi, who told an audience of cooperative CEOs that their institutions struggled with "poor governance [and] operational inefficiencies".

Joshi, speaking in Mumbai, said the "health of a very large proportion of rural credit cooperatives" had "deteriorated significantly". He pointed to poorly defined human resources policies and a failure to engage members as two of the main

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account