(a) whether the Union Government propose to open some more cooperative banks in
Manipur State;
(b) if so, the details thereof; and
(c) the action initiated in this regard?
(a) whether the Union Government propose to open some more cooperative banks in
Manipur State;
(b) if so, the details thereof; and
(c) the action initiated in this regard?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATIL) :
(a) to (c) Reserve Bank of India (RBI) has reported that they had received a proposal
for grant of licence to `The Manipur State Scheduled Tribes and Scheduled Castes
Development Co-operative Bank Ltd., Imphal`. Government of Manipur has also informed RBI
that the said bank would function as an Apex State Co-operative Bank (SCB) in Manipur.
Since Manipur State Co-operative Bank is already in existence as the Apex SCB, the
possibility of new proposal is being legally examined by the RBI.