Shiv Sena MP Sanjay Raut accuses Centre of injustice to Maharashtra's cooperative banks

Senior Shiv Sena parliamentarian Sanjay Raut raised concerns in New Delhi over what he described as systemic bias against Maharashtra's cooperative banks. Raut claimed that recent central policies and regulatory actions have disadvantaged the state's cooperative banking network, which plays a crucial role in rural credit and financial inclusion. He urged the Union Finance Ministry to review the measures and ensure a level playing field for these institutions. The leader also warned that continued neglect could hamper the sector's ability to support small borrowers and agrarian communities. No official response from the Centre has been recorded at the time of reporting.

Raut's statements come amid ongoing debates over banking reforms and the government's push for consolidation in the financial sector. Maharashtra's cooperative banks, numbering over 1,000, collectively hold assets exceeding ₹2 trillion, making them a significant component of the state's economy. Stakeholders have previously voiced concerns about liquidity constraints and regulatory pressures, but Raut's remarks mark a direct political challenge to the central government's approach.

The Shiv Sena spokesperson reiterated the party's demand for a transparent dialogue with the Union government, emphasizing that any perceived injustice could trigger broader political repercussions in the state.