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Wednesday, April 19, 2023
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Home Co-op News Snippets

PACBs to be CBS compliant by 2024 in TN

Staff Reporter by Staff Reporter
April 19, 2023
in Co-op News Snippets
0
PACBs to be CBS compliant by 2024 in TN
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Tamil Nadu will change 2,000 PACBs into a core banking service by the end of 2024, a state govt official is quoted as saying reports a news outlet.

The official was inspecting the Primary Agriculture Cooperative Credit Society and Civil Supply warehouse at Chekkanurani in the Madurai district.

According to the official, Tamil Nadu has over 22,000 cooperative societies functioning in different forms including fair price shops and 4,453 primary agricultural cooperative banks. There are a total of 35,941 ration shops including 26,018 full–time shops and 9,923 part-time functional shops.

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