Co-op banks must adopt new technology to be in sync with the trends. G. Madana Gopala Swamy, MD & CEO at Adarsh Co-operative Urban Bank, says there are challenges pertaining to connectivity, infrastructure and data security while adopting technology. Co-op banks need to concentrate on generating revenue from different sources due to lowered margins on advances. He asserts that the bank intends to introduce a new product every quarter.
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