In terms of the overseas investment policy, a fast track route was adopted where the limits were raised from $ 2 million to $ 4 million and linked to average export earnings of the preceding three years. Cash remittance continued to be restricted to $ 0.5 million.
Cooperative banks must realize that banking in today’s world cannot be independent of technology, not so much because of competition  BIS central bankers’ speeches  1  from commercial banks alone, but because that is what the modern customer – rural or urban – demands.