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The co-operative banks in India play an
important role in our economy by helping poorest of the poor pooling
individual resources from the society. The principle of co-operation and
practice of thrift with self help generate a feeling of self reliance
which is very important for neglected sectors of the society.
Over the years, the co-operative banks have
emerged as an important link in our financial systems. It is our duty to
strengthen the system further so that co-operative banks can reach to
the door step of many poorer people in our country. The challenges
before the co-operative banking sector are to mobilize low cost deposits
and maintain spread to ensure profitability. Co-operative banks will
have to constantly upgrade the technology to service the customer more
efficiently and will have to upgrade the skills to face future
challenges. .Regulatory authorities have been extremely co-operative and
their support and guidance is required for future growth of co-operative
sector in India.
This Co-operative sector has very bright
future and challenging task to help millions of people and live up to
their expectations. I am confident that with specific focused
objectives, co-operative banks will fulfill the dream of million of
people of our country.
K.D.VORA
Chairman
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