The cooperative sector in financial services is seen as an important medium of financial inclusion. However, repeated frauds in this sector have made it necessary to effect changes in how they function.
The various banking crises that have unravelled in the recent times have left us questioning on the efficacy of corporate governance practices in our country. Detailing into the capabilities and weaknesses in the banking governance system, this article by Prutha Pandharkame looks into the role of the regulator in avoiding the banking crises that affect our financial systems.
This is the second article in a two part series covering the development of the telecom sector and challenges associated with it, competitive concerns therein, and ways to strengthen domestic capability.