New Indian Express reports the AP govt. will computerize a little over two thousand PACS to make them transparent. The move is aimed to strengthen the cooperative sector in the state.
The AP State Cooperative Bank (APCOB) at the apex level and the 13 District Cooperative Central Banks (DCCBs) at the middle level are already computerized and are working on Core Banking Solutions (CBS).
The newly created ministry of cooperation plans to computerize PACS. The computerization of a PACS will cost Rs 4.37 lakh.
