Kerala devices special scheme for co-op loans
Thiruvananthapuram: Kerala minister for Cooperation and Ports M V Raghavan has said that the state government will formulate a special scheme offering concession on interest payable on loans advanced from year 1997 onwards by the co-operative banks in the state. "The district-level cooperative banks will be entrusted with the task of formulating the scheme." The scheme will be applicable in those cases where the loan has been defaulted even while the tenor has not been breached.

The one-time settlement scheme has helped prune down of the non-performing assets in the cooperative sector. It is upon the presidents and other officials of the cooperative banks to popularise the benefits of the scheme further among the people. The district-level banks should convene meetings of the primary cooperative societies towards this end. Action will be taken against those societies who have failed to implement the one-time settlement scheme.
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Public issue gives impetus to Vijaya Bank
Mangalore: Vijaya Bank general manager Surendra M Bhandary has said that over-subscription of the public issue of the bank has given a great impetus for reaching higher goals. He was speaking at the 72nd Founder's Day celebration of the bank at the Mangalore regional office recently.

Terming over-subscription of the public issue of the bank an indicator of its performance, former chairman of the bank B B Shetty suggested that the bank accord priority to agricultural activities on the lines of retail lending activities.
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