Tuesday, 04 March 2025

 

 

LATEST NEWS Droupadi Murmu Inaugurates Visitor’s Conference 2024-25 IAF Capability Enhancement Report Presented to Defence Minister Rajnath Singh National duty of every citizen to contribute to the welfare of soldiers & their families : Rajnath Singh at CSR Conclave Yudh Nashian Virudh: DC urges social, religious, sports organisations to come forward against drug abuse First All India Police Kabaddi Cluster Kicks Off in Jalandhar Randeep Hooda Shares Stunning Wildlife Photos, Advocates Conservation on World Wildlife Day Harjot Singh Bains & Finland Ambassador Launch Teacher Training Program Yudh Nashian Virudh : Big action on illegal property of Drug Smuggler in Bathinda Is Anora Available On OTT? Let’s Explore with 5 Dariya News From Nominees to Winners: The Inside Scoop on the Oscars Academy Awards India and Nepal Sign MoU to Strengthen Cooperation in Water, Sanitation, and Hygiene (WASH) INS Shardul, INS Sujata, and ICGS Veera Arrive in Thailand to Strengthen Maritime Cooperation India and Japan Declare 2025-26 as Year of Science & Technology Exchange Oscar Winning Actress Mikey Madison Net Worth 2025: Unveiling Her Income Sources & Career Highlights Sanjeev Arora Discusses Industrial Concerns with Bhagwant Mann India’s R&D Spending Doubles in a Decade, Driving Innovation in AI, Biotech & Quantum Computing Amit Shah Inaugurates Workshop on Sustainability & Circularity in Dairy Sector Punjab Police Busts Cybercrime Racket: Prime Accused Arrested for Running Fake Mining Department Website Himanshu Jain orders Health Department to promote anti-drug campaign to every village of Distt Rupnagar The LaLiga Showdown: Barcelona Vs Real Madrid Kuldeep Singh Pathania calls on Shiv Pratap Shukla

 

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

 

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2025 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD