Sir,
It’s nice to see that at last Reserve Bank of India and NABARD jointly reviewed the performance of three Central Cooperative Banks namely Anantnag, Baramulla and Jammu Central Cooperative Banks and expressed concern over the weak finances of these banks during its 16th Rural Cooperative State level task force committee headed by D Sethi Regional Director RBI, Chief General Manager NABARD and Registrar Cooperatives. It is pertinent to mention here that Govt of India had announced in 2014 for the recapitalisation of all three banks with specific guidelines. But after a gap of more than one year JK Govt is still not working at the moment for recapitalisation and keep on lingering the issue on one pretext or other as these institutions are providing banking facilities to the people coming from lower strata. During last month RBI Governor as well as NABARD Chairman discussed the issue with the Chief Minister to work expeditiously for the revival of these Banks. Lack of professional management is also one of the main reasons behind the poor performance of these institutions. But now it is wake up call for these banks for their survival and we hope RBI/NABARD shall put these Banks back on tract so that these banks can compete with others in a decent manner.
Yours etc…
Sanjali Sharma
on e-mail
Trending Now
E-Paper
Follow our WhatsApp channel