We are a co operative bank in the state of Maharashtra we have been approached by a leading provider of Education loans promoted by one of the top most banks of our country to become their distributors of education loan for a fee income
Can you pls let us know whether we can undertake this activity being a co operative bank are there any restrictions by RBI or any other regulatory bodies
I C Naik
We are not getting into business details in cooperatives especially specialized areas like banking which are directly governed by other statutes, i.e. other than cooperative Act. These are important matters outside cooperative management covered by cooperative law.
Dear sir,
I have been admitted as member upon resignation of a member from a housing co operative society Ltd.I purchased a house from the outgoing member who owned it under lease hold property for 999 years. The housing co op society transfered the same in my name. Now I opt to join my father who is a retired person with me.Can I apply for the same to the society?
Is the registration process necessary? If it is not then how can I get the electricity bill and municipal tax receipt changed in my name?
Kindly advise.
Thanking you,
Animesh Samanta
Durgapur
WEST BENGAL