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Regular-article-logo Sunday, 18 May 2025

Direction on 'banks'

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GAUTAM SARKAR IN BHAGALPUR Published 26.07.13, 12:00 AM

The Bhagalpur administration has sought directions from the government about functioning of co-operative societies after a probe team failed to address certain points.

District magistrate Prem Singh Meena on Wednesday sought clarifications from principal secretary, co-operative department, on whether a government employee can become a member of a co-operative society and whether the law permits such societies to conduct banking operations, as they do not have the licence from the Reserve Bank of India (RBI) among other issues.

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