Summary:
The state government will bring major reforms by amending relevant laws to recover long-pending loans and check cyber frauds in the cooperative banking sector, Chief Minister Devendra Fadnavis said on Thursday. But recovery of loans, cyber crimes and administrative operations have posed new challenges to the sector, he said. “The government is willing to bring amendments in existing laws to streamline the working in cooperative sector banking. Fadnavis was speaking at the Digital Banking in Cooperative Sector conclave organised by Loksatta (The Indian Express Group) in Mumbai on Thursday. “Despite recurring challenges, cooperative banks have made progress..