RBI officials highlighted the importance of KYC and Credit Information Companies (CICs) for co-operative banks in the 25th meeting of the Task Force on Co-operative Urban Banks (TAFCUB) for the J&K state.
Led by Regional Director of RBI Thomas Mathew, the meeting deliberated on capital infusion for the improvement in the financial health of UCBs.
Nafcub Chief Executive Shubhas Gupta and representatives from Citizens Cooperative Bank, Devika Urban Cooperative Bank , Udhampur; Urban Cooperative Bank (UCBL), Anantnag and Kashmir Mercantile Cooperative Bank Ltd. (KAMCO), Sopore, among others participated in the event.
The meeting also discussed cyber security in the banks.