Page 22 - Banking Finance January 2019

R anno nce c e e or vo ntar tran ition o r
ata a ita o ing i
an coo an to eco e a inance an
nance tie wit
n a d to encoura e vo untar trans t on of e e ur an co o erat ve an s
Sara wat o o erative
Bs nto s a f nance an s S Bs the Reserve
an Ban of nd a n a re ort sa d that schedu ed
Bs S Bs ere co ara e th S Bs n ter s
ata a ta ous n nance td has
of net orth and ross oans and advances as of
e n t e r e d
March end
nto a stra
te c a RB n Se te er announced a sche e for
ance th vo untar trans t on of Bs nto S Bs Bs th
Saras at a n u net orth of Rs crore and a RAR of and a ove are e e
o o era for a vo untar trans t on
t ve Ban td a ear o d an h s s a ed as a ste for ard to rov de a fu su te of roducts serv ces susta n
n nst tut on th th s a ance
co et t on ra se ca ta etc Accord n th s sche e has een ntroduced for
Saras at o o erat ve Ban s cus
vo untar trans t on of a B nto an S B a of transfer of assets and a t es
to ers ou d e a e to ava of a
Bs are ncreas n fac n co et t on fro ne a ers e a ents an s
ran e of roducts fro
S Bs and B s he Reserve Ban ntroduced a sche e for vo untar trans
he t e u rov de an o t on of Bs nto S Bs to stren then re u at on and ncrease o ortun t es for
ortun t to ncrease ts foot r nt ro th h s ena e the to ro out ost of the roducts h ch are cur
and reach out to custo ers n the rent er ss e to co erc a an s and he the n ett n a an nd a
nter ors of the countr he su te of resence sa d the Re ort on rend and ro ress of Ban n n nd a
roduct offer n s nc udes
ho e oans afforda e hous n oans R i o e R cr ena t on an or o ting nor
and oans a a nst ro ert he Reserve Ban of nd a has osed ena t es of a tota Rs crore on
seven an s nc ud n a a ents an and a
S ea n on the a ance An au
M ata a ta ous n nance coo erat ve an for contravent on of var ous
sect ons of the Ban n Act dur n the er od
sa d e are de hted to create an
et een u and cto er ac
a ance th Saras at o o erat ve
cord n to the atest nanc a Sta t Re ort
Ban h ch ar s ts th success
fu ear serv n over a h d verse he enforce ent act on as n t ated for non
custo ers across nd a h s ves us co ance th contravent on of d rect ons on
an o ortun t to offer our nnova fraud c ass f cat on and re ort n d sc ne to e a nta ned h e o en n
t ve ort a e roducts to the an s current accounts and re ort n to the entra Re os tor of nfor at on on ar e
custo ers ho as re to o n a red ts atfor and R s Based Su erv s on
ho e or nvest n rea estate ous Ban s ere a so ena sed for v o at ons of d rect ons u de nes on nor s
n f nance s toda dr ven ra d v o at on of nco e Reco n t on and Asset ass f cat on nor s de a n reso u
ur an sat on trans arent o c es t on of A M re ated r evances v o at on of a nc us ve d rect ons and non co
such as R RA and the overn ent s ance th s ec f c d rect on roh t n o en n of ne accounts
v s on of ous n for A
ur n the er od et een u and une the nforce ent
auta ha ur ha r an e art ent had osed an a re ate ena t of Rs crore on an s
Saras at o o erat ve Ban sa d nc ud n a a ents an and a s a f nance an
ur t e u th ata a ta ous
RB had n A r created a se arate nforce ent e art ent th a v e
n nance ena e us to fue the
to se arat n the funct on of dent f cat on of contravent on of res ect ve stat
ro n de and for ho e oans utes u de nes and d rect ves the re u ated ent t es fro os t on of u
fro our custo ers n t ve act on and to a e th s rocess endo enous for a and structured

22 | 2019 | JANUARY | AN N NAN