Panel to review co-op credit structures

The Reserve Bank of India (RBI) has formed a committee to review short-term co-operative credit structures. The panel will suggest a mechanism for consolidation in the sector and also examine the feasibility of setting up two-tier structures, against the three-tier structure now. The panel, to be headed by Nabard Chairman Prakash Bakshi, would focus on structural constraints in rural credit delivery, RBI said in a statement