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Short Term Credit: Expert Committee meet to tackle issue of 2 tier vs 3 tier

The meeting of the Expert Committee constituted by the Ministry of Cooperation to conduct a Study on ....

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NAFSCOB submits its report on unabated credit flow in rural areas

Bhima Subrahmanyam, MD of NAFSCOB presented the final draft study report on ‘Need of Credit in C ....

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NAFSCOB constitutes Advisory Committee

NAFSCOB constitutes Advisory Committee
NAFSCOB president Konduru Ravinder Rao has formed a Standing Advisory Committee on Short Term Cooperative Credit Structure (STCCS), in which several ace co-operators have been nominated as members, reports Telangana Today.
Headed by NAFSCOB president Konduru Ravinder Rao as its chairman, other members include Dileep Singhani, Chandrapal Singh, Sunil Kumar Singh and N Muralidhar, TSCAB managing director. P Mohanaiah, Retired CGM of NABARD has been made the member secretary.
STCCS will function as a ‘think-tank’ that is a body of experts to study the issues which may have bearing on the working of STCCS. It will oversee implementation of the Banking Regulation Act-2020. The committee will meet at three month intervals. ....

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State Co-op Banks & DCCBs have suffered losses: Nabard Report

State Co-op Banks & DCCBs have suffered losses: Nabard Report
Losses due to amalgamation of DCCBs in Kerala: Nabard
Nabard has come out with a 358-page report on the performance of co-op banks during 2019-20, which says that the aggregate accumulated losses of State Co-op Banks have increased from Rs.471 crore to Rs.1,232 crore.
Nabard, however posted a 24 per cent growth in its balance sheet to a record high of Rs 6.57 lakh crore in the financial year ended on March 31, 2021.
Nabard blames the loss on the amalgamation of 13 DCCBs in Kerala with Kerala State Co-op Bank. Seven out of 33 StCBs were having accumulated losses as on 31 March 2020. ....

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