Lok Sabha Question No. 4465 (UNSTARRED), answered on 2016-08-12
Subject: Railway Cooperative Banks
Ministry: FINANCE
Asked by: YOGI ADITYANATH

## †4465. SHRI YOGI ADITYA NATH:

Will the Minister of FINANCE be pleased to state:

- (a) the details of the cooperative banks/ societies set up by the Railways in the country, State-wise;
- (b) the role of the Railways in the operation of the Railway Employees Cooperative Banks; and
- (c)  the  details  of  selection  process  for  the  chief  executive  officer  and  other  senior  officers  of  the  railway  employees  cooperative banks?

## Answer The Minister of State in the Ministry of Finance (Shri Santosh Kumar Gangwar)

- (a): The State-wise details of the multi-state cooperative banks/societies of the railway employees are given in Annex.
- (b): The Ministry of Railways has reported that the employees of such cooperative societies are engaged by the societies themselves and the Railway administration has no jurisdiction over the administrative, financial, managerial and service matters of the employees of these societies as also their day-to-day working or any other matter of these societies, as they are governed by the Rules framed under the Multi State Cooperative Societies (MSCS) Act, 2002.
- (c): As per sub-Section (1) of Section 51 of the MSCS Act, 2002, the Chief Executive is appointed by the Board of the Society/bank. Under sub-Section (3) of Section 51, where the Central Government or the State Government holds fifty-one percent or more of the

## Government of India Ministry of Finance Department of Financial Services

## LOK SABHA Unstarred Question No. †4465

To be answered on August 12, 2016/Sravana 21, 1938 (Saka)

## Railway Cooperative Banks

equity share capital or of total shares of the multi state co-operative society, the salary and allowances payable to and other terms and conditions of service including pension, gratuity and other retirement benefits of the Chief Executive shall be such as may be prescribed. Under Section 49{2(e)} of the MSCS Act, 2002, power to make provision for regulating the appointment of employees of the  multi-state  cooperative  society  and  the  scale  of  pay,  allowances  and  other  conditions  of  service  lies  within  the  powers  and functions of the Board.

## Annex referred to in reply to part (a) of USQ No. 4465 for 12.08.2016

## Details of multi state cooperative banks/societies of the railway employees

|   S. No. | Name                                                                                 | Address                                                                          | State          |
|----------|--------------------------------------------------------------------------------------|----------------------------------------------------------------------------------|----------------|
|        1 | South Central Railway Employee's Co-operative Credit Society Ltd., Secunderabad      | Sahakar Bhavan, Himmatnagar, Secunderabad-500025                                 | Andhra Pradesh |
|        2 | The Northern Zone Railway Employees Co- operative Thrift and Credit Society Ltd.     | Baroda House, New Delhi-110001                                                   | Delhi          |
|        3 | The Jackson Co-operative Credit Society of the Employees of the Western Railway Ltd. | Noushir Bharucha Marg, Grant Road, Mumbai-400007 Maharashtra                     | Maharashtra    |
|        4 | Konkan Railway Region (Urban) Cooperative Credit Society.                            | V.R. Marg, Foundation Trust, 19.13, Vacharaj Lane, Maturga (C. Railway), Mumbai  | Maharashtra    |
|        5 | Konkan Rail Cooperative Credit Society Ltd.,                                         | Room No. 418, 4 th floor, Belapur Bhavan, Sector-11, CBD Belapur, Navi Mumbai    | Maharashtra    |
|        6 | The Central Railway Employees Co-operative Credit Society Ltd.                       | Near Byculla Rly. Station, Bombay- 400027                                        | Maharashtra    |
|        7 | The Federation of All India Railway Cooperative Societies Banks Ltd.,                | New Delhi                                                                        | New Delhi      |
|        8 | Railway Employees Co-operative Banking Society Ltd                                   | Railway Institute, Harish Joshi Road, Jodhpur-342001, Rajasthan                  | Rajasthan      |
|        9 | The Railway Sharmik Sahakari Bank Ltd.                                               | N. Rly, Divisional Rail Manager Office, Bikaner, Rajasthan                       | Rajasthan      |
|       10 | West Central Railway Employees' Cooperative Credit Society Ltd.                      | Station Road, Kota Jn., Distt. Kota, Rajasthan                                   | Rajasthan      |
|       11 | The Railway Employees Cooperative Credit Society Limited                             | Ashoka Vihar Complex, Old Zoo Road, Near Central Railway Station, Chennai 600003 | Tamil Nadu     |
|       12 | S. Ry. Employees Co-operative Credit Society                                         | RAIL CO-OP. MANSION, Dindigul Road,                                              | Tamil Nadu     |

|    | Limited                                                                | Post Box No. 9, Tiruchirapalli 620001                                            |               |
|----|------------------------------------------------------------------------|----------------------------------------------------------------------------------|---------------|
| 13 | The Railway Co-operative Labour Contract Society Ltd.                  | 14, Cochrine, Basin Road, Basin Bridge, Madras-600021                            | Tamil Nadu    |
| 14 | The Railway Employees Co-op. Credit Society Ltd.                       | Southern Railway Offices, Chennai- 600003                                        | Tamil Nadu    |
| 15 | The NE & EC Railway Employees Primary Cooperative Bank Ltd.            | At & P.O. Railway Colony, Gorakhpur, District-Gorakhpur, Uttar Pradesh           | Uttar Pradesh |
| 16 | Mechanical Department Primary Cooperative Bank Ltd.                    | North Eastern Railway, District Gorakhpur, Uttar Pradesh-273012                  | Uttar Pradesh |
| 17 | Northern Railway Primary Cooperative Bank Ltd                          | 19-A, Vidhan Sabha Marg, Lucknow, U.P.                                           | Uttar Pradesh |
| 18 | Eastern & North East Frontier Railway Employees Co-operative Bank Ltd. | 17, Neta Ji Subhash Road, Calcutta- 700001                                       | West Bengal   |
| 19 | E & N F Rly. Junior Cooperative Credit Societies Ltd.                  | Eastern Railway, Division Office Building, Sealdah, Kolkata, West Bengal- 700014 | West Bengal   |

Source: Department of Agriculture, Cooperation & Farmers'  Welfare