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The Hindu
The Hindu
National
Shankar Bennur

Core banking solutions for coop. banks: Minister

ST Somashekar

·        

Minister for Cooperation S.T. Somashekar on Saturday said the cooperative banks in the State will be brought under core banking solutions as a new software was being developed to ease banking operations in the cooperative institutions.

Speaking to reporters here, Mr. Somashekar, who is the Minister in charge of Mysuru district, said Karnataka has 5,700 cooperative banks and added that he would soon be speaking to the Union Cooperation Minister on matters concerning his department as only a few amendments were applicable in the State with regard to the cooperative sector while the Department of Cooperation was by and large independent.

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