(a) whether the Government have received any representations from the National
Federation of State Cooperative Banks Limited seeking including of some of the banks under
it and some District Central Co-operative Banks in the second schedule of RBi Act, for
giving them status of scheduled bank;
(b) if so, the details thereof; and
(c) the reaction of the Government thereto?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATH) :
(a) to (c) Reserve Bank of India (RSI) has reported that it had received a representation
from the National Federation of State Cooperative Banks Ltd. (NAFSCOB) requesting for grant
of Scheduled Status to some State Co-operative Banks and District Central Co-operative Banks
(DCCBs). Since the banks in question were not licensed ones or were not complying with the
norms and policy of scheduling, the request was not acceded to.