Take this money from your bank soon, because this bank has become bankrupt

After the ban, banks have heard many news through news. But today we have brought you such a news that you will be shocked to read.

This news is about the state co-operative bank of Madhya Pradesh, which is on the brink of bankruptcy and many District Co-operative Banks under it come. The tightness of the Reserve Bank has kept the people of entire Madhya Pradesh and the banks sleeping.

According to the information, these banks have lent huge debt to farmers, but they failed to recover. For this reason, many banks in Madhya Pradesh seem to be moving towards Section 11 Thousands of crores of rupees could not be recovered by these banks. Not only this, farmers also do not want to lend their loan. For this reason, the bank has instructed its branches to strictly recover the funds with the help of district administration.

This district co-operative bank of the state will not be able to raise its Capital Two Risk Assets Ratio (CRAR) (ie, capital asset risk ratio, capital adequacy ratio) up to 9 percent above March 31. Licenses of these banks can also be canceled. These banks have come into action after the Reserve Bank's warning.

According to the reports, these banks have allocated a loan of about 15 to 20 thousand crores to the farmers. And if this recovery does not happen, then the state government will get a question on the loan grant scheme. At present, these banks are working in 33 districts in Madhya Pradesh. Now the sword is being hanged on their license because their CRAR is only 1.5 percent.

Now this bank has to take it upwards of 9 per cent, which is no longer possible to be seen. Satna alone has not been able to recover the loan of more than Rs. 24 crores of more than 50,000 thousand rupees. So now many banks are in a position to do or die. Keeping this in mind, many banks have started working strictly with the help of the local administration.