Minister for Agriculture K. Kanna Babu has said that the cooperative banking sector is being revamped under the guidance of Chief Minister Y.S. Jagan Mohan Reddy and with the assistance of NABARD.
Addressing a review meeting on DCCBs, Mr. Kanna Babu said that the cooperative banks should revamp their existing policies in tune with the present times. The banks should adapt modern banking methods to reach out to customers and offer them better services.
“The Chief Minister announced a share capital of ₹195 crore to nine DCCBs and ₹100 crore to APCOB. We thank NABARD for giving ₹295 crore share capital as a loan,’’ said Mr. Kanna Babu.
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