Friday, 02 December 2022

 

 

LATEST NEWS Jai Inder Kaur Campaigns for BJP in Delhi MCD elections Punjab to use STPs treated water for irrigation : Gurmeet Singh Meet Hayer People should shed stigma related to AIDS : Chetan Singh Jauramajra DC visits PAP chowk to inspect site for construction of New ROB towards Amritsar from BSF Chowk Gurmeet Singh Meet Hayer Bats For Making Youth Active Partners In Socio-Economic Growth Of The State Miracle will happen in Gujarat on December 8 : Bhagwant Mann North America’s largest ‘Bhangra’ festival organized at Lovely Professional University Strenuous efforts being put on for providing quality health care services in the state: Chetan Singh Jauramajra Director JKEDI Ajaz Ahmad Bhat chairs review meeting at Shadab Karewa to discuss B2V4 program progress Director Agriculture Kashmir Chowdhury Mohammad Iqbal visits Gangbugh, Nunar farms Department of HP&M conducts awareness programme at Fruit Mandi Kupwara One-day Awareness camp on PM-FME held at NRLM (UMEED) center of Block Kangan 15-Day Skill training programme on Scientific Sheep & Goat Rearing concludes at Budgam Orientation programme under Nasha Mukt Bharat Abhiyan-2 held at Budgam Mega Jan Abhiyaan function held at Kaloosa, Bandipora DC Shopian Sachin Kumar Vaishya reviews implementation & progress of works under JJM ‘My Town My Pride’ Phase-2 : Spl Secretary PD&MD visits MCs of Ramban Raj Bhavan bids farewell to outgoing officers Atal Dulloo inaugurates sheep husbandry technical workshop at Jammu Lt Governor Manoj Sinha inaugurates Amar Jawan Shourya Sthal at Pouni, Reasi Brain Stroke patients to get free treatment in Punjab : Chetan Singh Jauramajra

 

Chering Dorjay for bringing professionals into BODs of CCBs

Minister reviews modalities for recapitalization of unlicensed CCBs with stakeholders

Rouf Pampori

Rouf Pampori

5 Dariya News

Jammu , 19 Mar 2018

Minister for Cooperatives and Ladakh Affairs, Chering Dorjay has said that to improve the performance the three Central Cooperative Banks which are presently unlicensed, professionals would be inducted in the Board of Directors soon. This step would surely help these CCBs to further strengthen and become as the full-fledged banks.This was stated by the Minister while chairing a meeting of stakeholders for recapitalization of Unlicensed Central Cooperative Banks (CCBs) including Anantnag Central Cooperative Bank, Baramulla Central Cooperative Bank and Jammu Central Cooperative Bank, here today.During the meeting, it was informed that as per the MAPs prepared by the CCBs, Rs 366.71 crore was worked out as total fund requirement for recapitalization out which Rs 255.51 crore as State Share and Rs 111.20 crore as GoIs share. It was informed that the State share has been released by the State Government and presently is lying with the Cooperative Department.The meeting was also informed about the additional fund requirement by these CCBs.Addressing the Stakeholders, the Minister said that recapitalization will reform the Central Cooperative Banks by providing them license by Reserve Bank of India (RBI). He stressed upon taking initiatives for extensive recovery to maintain the positivity and integrity of these banks.

Bringing professionals in the Board of Directors is the need of the hour and these professionals would be taken as the members for strengthening the functioning of these CCBs.He asked the officials to make serious efforts for recovery plan for reducing the NPAs of these banks. He said that it is the prior concern of the government to recapitalize the banks so that they can get the licence for running their business fully fledged in the state.“It becomes possible only through collective measures taken by GOI, RBI, and NABARD and by the State Government “, he maintained.Dorjay asked the concerned Bank authorities to develop the work plan according to the norms of the Memorandum of Understanding (MoU) signed by the GoI, State Government, RBI and NABARD. He said that these CCBs would draw up a monthly Monitorable Action Plan (MAP) in consultation with the state Government for achieving the specific business and financial targets.He strictly directed the Bank authorities to utilize the funds judiciously and to show up their performance by working out some effective business strategy.The meeting was attended by Regional Director RBI, Thomas Mathew, Chief General Manager NABARD, Vijay Kumar, Registrar Cooperative Societies, Peerzada Hafeezullah, MDs of 3 CCBs, besides officers of several departments including Planning, Finance, and Cooperatives.

 

Tags: Chering Dorjay

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2022 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD