Mangaluru: “Digitalised banking by cooperative societies can be the solution for the problems of coopearative sector,” said SCDCC Bank President Dr M N Rajendra Kumar.

He was speaking in training programme of co-op society’s presidents and CEOs held on Friday by DK Co-op Union.

“Core banking, RTGS/NEFT and other value added services should be provided to the customers and for that digitalisation is very important. This will help the co-op sector to come out of the crisis that is being faced due to demonetisation. Co-op society’s transactions are transparent and working as per the guidelines of NABARD and RBI,” he said.

Presidents of various co-op societies, directors and others were present.