RBI doesn’t have a favorable view towards cooperative banks: Sharad Pawar

NCP chief Sharad Pawar on Saturday said the view of the Reserve Bank was not favorable towards urban cooperative banks which met the needs of common people and asked the Center to act accordingly.

“Common people trust cooperative banks which are in their reach, unlike state-run banks. But the Reserve Bank doesn’t have a favorable view of cooperative banks. The union finance ministry should take note of this. We have come to know about such observations from the people of this sector, “Pawar told a press conference in Nanded in Maharashtra.

Pawar said areas in Beed and Jalna in the Marathwada region and western Maharashtra districts have produced excess sugarcane.

“In view of this, the government has instructed sugar factors that they should not stop working until the sugarcane is completely taken up (for crushing),” he said.

Pawar said the Center should consider the demand for curtail fuel prices as Maharashtra is the highest tax-paying state in the country.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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