Cooperative minister of Rajasthan said it is remarkable that the target of 9 percent CRAR has been achieved by all the central cooperative banks in the state.
The apex bank, Rajasthan State Co-operative Bank was able to manage 9.93% of CRAR. With this all banks are now eligible for NABARD rating.
With improved rating, these banks would now be able to support more vigorously in financing of crop loans to primary agricultural credit societies (PACS) and farmers.
For bolstering capital to risk asset ratio (CRAR) to 9%, all 29 central co-operative banks in Rajasthan have been given rating by the NABARD, reports a news outlet.