Revitalizing Cooperative Banking: Why Mergers May And May Not Catalyse The Industry Towards Better Profits

When the world observed 2012 as the international year of cooperatives, India witnessed the failure of 13 cooperatives. Back then, RBI's credit insurance arm – DICGC had to step in to repay Rs 160 crores to depositors. Thirteen years later it is not unreasonable to introspect whether maintaining cooperatives is worth our time and effort? In fact,...