The recommendations of the Committee are being examined by the Reserve Bank. Let me now touch upon a few issues related to co-operative institutions in general and UCBs in particular.
Relevance of co-operative structures in the globalised world Often one hears the argument that co-operative structures are more suited for small and developing economies and that they may not have great relevance in the globalised world. But I feel co-operatives do have their role to play, and will continue to remain relevant, even in a globalised world.