Even as Kerala’s cooperative banking sector is facing corruption charges, another cooperative bank in Idukki has collected deposits of over ₹2.8 crore within one day.
According to officials, Alakode Service Cooperative Bank, near Thodupuzha in Idukki, collected ₹2.8 crore as deposits through a cooperator investment campaign. On Thursday, nearly 100 people deposited money in the Alakode, Kalayanthani, Edavetty, and Inchiyani branches of the bank, said officials.
Traco Cable chairman Alex Kozhimala inaugurated the cooperator investment campaign on Thursday. Mr. Kozhimala said that there is a need to protect the State’s cooperative sector.
