Indian cooperative banks are "beset with problems" according to Reserve Bank of India executive director Deepali Pant Joshi, who told an audience of cooperative CEOs that their institutions struggled with "poor governance [and] operational inefficiencies".

Joshi, speaking in Mumbai, said the "health of a very large proportion of rural credit cooperatives" had "deteriorated significantly". He pointed to poorly defined human resources policies and a failure to engage members as two of the main