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Karuvannur Co-operative Bank: Irregularities; Strict action will be taken: Minister VN Vasavan

Iringalakuda: Minister VN Vasavan has stated that these liable for the irregularities within the Karuvannur Service Co-operative Financial institution shall be introduced earlier than the regulation. Issues occurred within the financial institution that ought to not have occurred. This may by no means be accepted. He was talking after inaugurating the Golden Jubilee Constructing of Kallamkunnu Service Co-operative Financial institution on-line.

Co-operatives ought to work with social dedication and monetary self-discipline. The co-operative motion in Kerala has prior to now been in a position to develop as a parallel financial hub and to help in instances of disaster within the nation. He stated that the work carried out by the co-operative sector through the floods and the Covid epidemic was exemplary.

The co-operative banks contributed essentially the most to the CM’s vaccine problem. The Minister stated that Rs 30 crore has been disbursed via the Vidyatharangini scheme for offering good telephones for on-line studying. Minister R Bindu presided over the operate. Financial institution President U Pradeep Menon welcomed the gathering and Secretary CK Ganesh thanked them.

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