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.