Damodaran Committee: Overlooking problems
Moneylife Digital Team 08 September 2011

Insurance on deposits and prompt delivery of TDS certificates are two issues the committee has overlooked

Several cooperative banks are saddled with bad debt. These banks usually have a lot of political influence. Poor supervision and low accountability has led to a series of failures among cooperative banks and has caused huge losses to depositors.

Given the current state of some of these...

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