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    RBI norms to float co-operative banks 24 March 2012

    The new guidelines will also include a provision under which well-managed cooperative credit societies can turn into co-operative banks, Karuppasamy said. “Well-managed credit societies and financially sound credit societies will be converted into co-operative banks provided they satisfy certain norms...

    Keywords: Greater Bombay Cooperative Bank, RBI executive director S Karuppasamy, Reserve Bank, Reserve Bank

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