Financial Daily from THE HINDU group of publications
Thursday, Oct 16, 2003
News
Features
Stocks
Port Info
Archives

Group Sites

 Money & Banking - Co-operatives


Co-op bank staff demand refinance at 3 pc

Our Bureau

Mumbai , Oct. 15

THE co-operative bank employees unions are demanding that the Reserve Bank should give refinance to co-operative banks at 3 per cent instead of the present 6 per cent which is the benchmark bank rate.

According to the All India Co-operative Bank Employees' Federation, in 1997, the central bank used to provide reimbursement at 6 per cent when the bank rate was higher at 12 per cent.

Article E-Mail :: Comment :: Syndication

Stories in this Section
`Rupee discharge of pound debt no FERA offence'

Rupee volatile; 10-year paper breaches 5 pc
Allahabad Bank H1 net up 123 pc
Tata group cos exempted from open offer for TFL
ICICI Bank gets nod for Eurobonds
No trickledown yet of falling rates
`Allow us to prepay loans or reset interest rates' — We'll look elsewhere, States tell LIC, GIC
Andhra Bank cuts PLR by 0.75 pc
Seminar on investment in Kochi
Govt may cap FDI in pension funds at 26 pc
ABOA meet in Thiruvananthapuram
Co-op bank staff demand refinance at 3 pc
UCBs oppose more powers to apex bank

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |

Copyright © 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line