April 2016

KCS 2016 – V Ratnakar, Associate Vice President, National Payment Corporation of India (NPCI)

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NEED TO BECOME TECH SAVVY

Entire Co-operative banking sector is facing this challenge. The NPCI has enabled over 540 out of around 2,000 cooperative banks till date.

My suggestion to the Co-peratives is that don’t work in silos. Work together if you aspire to grow. If you have over 200 cooperatives under one platform, please float one proposal that will give you a very competitive bidding from your technological vendors. NPCI’s utmost concern is to cover entire 2,000 cooperatives banks.

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