<h1>RBI Expert Panel Recommends PACS Transformation, CCB Mergers, and Capital Boost for Improved Cooperative Credit Structure by 2016-17.</h1> The Reserve Bank of India released a report by an expert committee led by Dr. Prakash Bakshi, focusing on improving the Short Term Cooperative Credit Structure (STCCS). Key recommendations include transforming Primary Agricultural Credit Societies (PACS) into business correspondents for banks, requiring 209 Central Cooperative Banks (CCBs) to raise additional capital to achieve a 9% CRAR by 2016-17, and merging unsustainable CCBs. The report suggests setting deadlines for capital mobilization and technological upgrades, enhancing governance, and including CCBs and State Cooperative Banks (StCBs) in financial inclusion initiatives. A working group will address human resource needs during this transition.