Shaji K. V., Chairman, National Bank for Agriculture and Rural Development (NABARD), on Saturday urged the State government to strengthen the governance structure of the Kerala Bank further and ensure operational autonomy for the bank’s growth.
Mr. Shaji was speaking at a seminar on ‘Cooperatives in Kerala’ organised as part of the Keraleeyam 2023 celebrations of the State government.
Banking is a highly specialised activity, and trust is vital to it. It should be subject to laws and regulations to ensure sustainability, financial health and protect the interests of the depositors, he observed. Regulatory aspects cannot be ignored if Kerala Bank is to grow, he said. He also touched upon the advantages of developing Farmer Producer Organisations (FPO) in the cooperative sector.
