Page 21 - Banking Finance January 2019

r an co o an not a wit R ro o a on De o itor o it o o

oar o anage ent an a owe to wit
he r an o o erat ve Ban n sector s ertur ed th the Reserve Ban of
raw to R ro
nd a s draft u de nes on Board of Mana e ent
h ch a es the const tut on of such a Board acco nt
andator to et re u ator a rova for e an RB has od f ed the ear er d rect ve
s on of area of o erat on and o en n of ne restr ct n
ranches here are fears that such a re u re thdra a s
ent cou d st f e ro th of the s a er Bs as fro Rs
the a not e n a os t on to ut n ace such to Rs
a Board he Reserve
Ban of nd a has od f ed ts d rec
th a ost of the an s n the ur an co
t ve n the case of the Mu a ased
o erat ve an n sector e n c ass f ed as er th ess than Rs crore
he t o o erat ve Ban a o n
de os ts veteran an ers fro the sector fee creat n a Board of Mana e
ts de os tors to thdra a su not
ent add to the r costs as a o ance s tt n fees have to e a d to
e ceed n Rs of the tota a
the Me ers here ere Bs n the countr as at March end
ance n ever sav n s an or current
hese an s a read a a o ance s tt n fees on to the oard of d rectors
account or an other de os t account
Bo hat s orr n an ers s that t a e d ff cu t to attract ersons
a a nst Rs ear er
hav n s ec a no ed e or ract ca e er ence n res ect of areas such as
he thdra a s su ject to the con
accountanc econo cs f nance nfor at on techno o to e e ers of BoM
d t on that herever such de os tor
ocated n s a er to ns as the co ensat on s un e to e orth the r t e
has a a t to the an n an an
and effort
ner e ther as a orro er or suret
ot ndra Mehta A nd a res dent Saha ar Bharat h ch s an u re a od nc ud n oans a a nst an de os
of co o erat ve an s and soc et es n the countr sa d t s unfa r to the ar e ts the a ount a e adjusted
nu er of sound ana ed Bs to ose BoM on the f rst to the re evant orro a ac
count s the RB sa d n a state ent
B ts o n ad ss on n ts Re ort on rend and ro ress of Ban n n nd a
RB states that Bs have out erfor ed the co erc a an s n an hea th Accord n to the state ent he
ara eters nc ud n ad de ts and ross As t o o erat ve Ban td as
aced under d rect ons the RB
h s erfor ance s th the e st n s ste of Bo h ch nd cates that our
fro c ose of us ness on A r
s ste s at east as effect ve as the Bo s ste o ta n n n the co erc a

an s f not etter underscored Mehta

AN N NAN | JANUARY | 2019 | 21