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India's cooperative banking sector, comprising 1,843 banks, plays a vital role in local economies, serving over 22 crore accounts.
Tamilnad Mercantile Bank (TMB) posted its highest-ever quarterly net profit of Rs 412 crore for Q1 FY27, a 35% YoY growth. Net interest income rose 32% to Rs 765 crore, and total business surpassed Rs 1.21 lakh crore, up 23% YoY.
There are two key issues behind this phenomenon. The RBI and the government can solve this in a jiffy
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