COSTLY AFFAIRS OF GOA STATE COOPERATIVE BANK _Prudent Media Goa

2,727 views · Published 19 August 2018 · 1:46 · Indexed 26 September 2026

Channel: Prudent Media Goa · 2018 · News & Politics

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Bifurcation of the Goa State Co-operative Bank will affect badly on the financial status of the bank. The Bifurcation sheets of the banks reveal shocking figures of the financial position of banks. Goa co-operative bank still hold more than 125 crores of rupees of Daman and Diu region. A Goa co-operative bank has not made any provision in the budget to hand over the amount of the Daman and Diu region.

On one side Goa government trying to make Goa State Co-operative Bank financially strong, but, on the other side Co-operative bank is not in a position come out from losses. After the bifurcation of the Goa State Co-operative bank and Daman and Diu, the financial positions of bank are likely to be effected. 

Goa State Co-operative bank has given some shares of Daman and Diu, but, needs to shell out more amounts. It has to give Rs.125 cores 59 lakhs to Daman and Diu region. 

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