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Wednesday, July 18, 2018

Modi pitches for setting up of separate commission to conduct co-op bank polls

Modi praised the co-operative banks of Gujarat for their resilience against slow down in the economy.

Written by Express News Service | Ahmedabad | Published: December 5, 2013 4:23:11 am

Chief Minister Narendra Modi on Wednesday suggested the co-operative banks in the state to set up a full-fledged,separate election commission for conducting polls within the banks and other co-operative bodies in the country. He said that this would avoid subsequent petty litigation besides streamlining democratic process in the co-operative banking sector.

The suggestion came at an inauguration function of the new building premises of the Gujarat State Co-operative Bank Ltd (GSCB),the apex co-operative bank of the state with 17 district banks under it.

Modi said that co-operative sector was the most prone to litigation with very high number of court cases,enriching only lawyers at the expense of banks.

Modi further said that in the 50 years of co-operative banking in Gujarat,it was time the sector came with new ideas to further strengthen its roots in the society and improve competitiveness against that of nationalised banks.

“The co-operative banks can take up the theme of promoting cleanliness,dear to Gandhiji as theme of Gandhi 150,” he said,adding that it was just a suggestion,any other theme of their choice could be taken up. He said it was high time for the co-operative banks to take up corporate social responsibility in specific areas with intense focus to strengthen their connection with the society.

Modi praised the co-operative banks of Gujarat for their resilience against slow down in the economy. He also suggested online transactions be preferred over cash dealings to avoid black money.

GSCB chairman Ajay Patel also gave details of the facility of the new head office – Sardar Vallabhbhai Patel Sahakar Bhavan – constructed in Narnapura area with 58-room farmers’ hostel and the first currency chest for a co-operative bank in the state. Babubhai Bokhiria,accused in illegal mining case,also attended the event. However,Amit Shah did not turn up despite his name figuring as special guest.

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