STATE TIMES NEWS
JAMMU: Department of Cooperative Bank Supervision (DCBS), RBI, Jammu conducted the 19th meeting of the Task Force on Urban Co-operative Banks (TAFCUB) for J&K State here on Tuesday.
N.K Sahu, Regional Director, Reserve Bank of India, J and K presided over the meeting. B.A Bhat RCS, Additional Secretary Co-operative Department, J&K State, Subhash Gupta, Chief Executive, NAFCAB, MD / CEOs of the all the four UCBs viz. The Citizens Cooperative Bank Ltd. (CCBL), Jammu, Devika Urban Cooperative Bank Ltd. (DUCBL), Udhampur, Urban Cooperative Bank Ltd. (UCBL), Anantnag and Kashmir Mercantile Cooperative Bank Ltd. (KAMCO), Sopore along with officers of RBI, DCBS, Jammu, participated in the meeting.
The financial performance of the four UCBs was reviewed in the meeting. The other issues relating to Revised Supervisory Action Framework (SAF) imposed on CCBL, Jammu, timely completion of elections of Board of Directors of CCBL, Jammu and DUCBL, Udhampur, capacity building initiative undertaken by RBI, etc. were discussed in the meeting.
N.K Sahu, Regional Director emphasized to reduce the NPAs and improvement of asset quality of these banks.
B.A. Bhat, RCS, stated that the election for constitution of new Boards in CCBL, Jammu and DUCBL, Udhampur will be conducted soon. Vote of thanks was presneted by P.K Jain, DGM, RBI.