"It is the time for you to set up a task force to prepare a model to take the co-operative banking movement to the next generation," Modi said, inaugurating the newly constructed Sardar Vallabhbhai Patel Sahkar Bhavan of the Gujarat State Co-operative (GSC) Bank.

Modi said the co-operative banking sector should think about how to face global competition and modernize banking operations. He said that there should be a movement towards cashless transactions in co-operative banks.
    
The role of urban and district co-operative banks is not restricted to balance credit-deposit ratio, but to take up social responsibility, he said.

(Agencies)

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