RBI asks Urban Co-op banks to take care of their financial position
By Neelima Shankar
Mar 2, 2012
Print    Email    RSS   

The Reserve Bank of India has advised the Urban Co-operative banks to take good care of their financial heath. The apex bank has warned them, if they fail to do so, it can lead to the cancellation of their licenses. They must make sure that the deposits do not fall below 25%.

The RBI said, "The management of the bank should identify the cause of deterioration and take necessary corrective actions on its own, with a view to improving the financial position of the bank."

It also said, "The corrective action should include measures for augmenting capital, close monitoring of NPAs and their recovery especially the large NPAs, improving profitability by curtailing expenses, mobilising low-cost deposits, etc, depending on the nature of the deficiency."

"The UCBs should also prepare time-bound specific action plan for bringing about necessary improvement in their functioning and the board of directors should monitor the progress in implementation of the action plan in every meeting of the board," the RBI said.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Recurring Deposits or Systematic...
Carnival of Indian Personal Finance Blogs #1
Carnival of Indian Personal Finance Blogs #2
Manage your FD in a better way
Recurring deposits: to the benefit of the...

KalA JaDu mAnTrA SPEciaList {{+919915786526}}=in=BATALA
breakup problem solution baba ji +91 8586979251
love marriage problem solution +91 8586979251
❝090II800060 = 090II900060❞ Kharadi Call Girls...
shimla_escort services O9855660911 CaℒL Giℛℒ...
Just Call +91- 7385999994 VIP/Elite/Hot Pune Call...

Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive