Structure of Irish banking sector In the light of all that has happened, we need to examine the structure of the domestic banking system. When the crisis comes to an end the structure and shape of our banking system will be different. This is likely to be an international trend. In Ireland, the very existence of NAMA will in itself be central to this.
Besides, in India, unlike a company, shareholders/members of a UCB, are generally the debtors of the bank. While this would be an appropriate framework for governance for a cooperative society, which accepts deposits only from members/shareholders, it leads to distortion in the business model when applied to a cooperative bank, which solicits deposits from non-members as well.