Department of Cooperative Bank Supervision (DCBS), RBI, Jammu recently conducted the 18th meeting of the Task Force on unlicensed District Central Cooperative Banks (DCCBs), reports Excelsior.
Regional Director, RBI, J&K presided over the meeting. A large number of ranking officials of the state govt., Nabard and several cooperative organizations attended the meeting.
The financial performance of the DCCBs and JK State Cooperative Bank was reviewed in the meeting. The issue of capital infusion in the DCCBs, adherence to KYC and AML guidelines, etc were also discussed.
CGM, NABARD said these banks must make sincere efforts for improving the management and internal control systems.