Cooperation Ministry: Cooperatives’ financial heft seen behind Centre’s bid for greater control

There are about 8.5 lakh co-operatives in the country with roughly 38 crore members. Of these, 1,539 are urban cooperative banks (UCBs) and 97,006 rural ones with a combined asset size of as much as Rs 17-18 lakh crore, an official source told FE.

from Banking & Finance – The Financial Express https://ift.tt/2UnUjCg