Financial and administrative autonomy of Co-operative Credit Structure Society

A Co-operative Credit Structure Society shall have freedom to decide its financial and administrative matters, especially-

1. (i) interest rates on deposits and loans: Provided that in the case of the State Co-operative Bank, the interest rates shall be in conformity with the guidelines issued by the Reserve Bank;
2. (ii) borrowing and investments;
3. (iii) loan policies and individuals loan decisions;
4. (iv) personnel policy, staffing recruitment, posting and compensation to staff; and
5. (v) internal control systems, appointment of auditors and fees for the Auditor.