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Comment on Mahaganpati Multistate Co-op aims conversion to UCB by Goraksha Belhekar. Prop. Shubham jwellers, Narayangaon
['Staff Reporter']
Comments for Indian Cooperative
Maharashtra’s Pune-based Mahaganpati Multistate Cooperative Credit Society is exploring the possibility of converting itself into a full-fledged cooperative bank, in line with the recommendation of the task force constituted by the National Federation of Urban Cooperative Banks & Credit Societies Ltd. (NAFCUB).
The proposal is expected to be placed before the society’s AGM later this month.
Though our society is small, our vision is high.”It is worth mentioning that, based on capital strength, deposits, governance, and financial discipline, the task force shortlisted only 42 co-op institutions for conversion into urban cooperative banks.
Mahaganpati Multistate has secured its place among these select institutions.
“This recommendation is not just recognition but also a testimonial to the institution’s sustained success and national credibility,” Patil emphasized.
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