Last week National Centre for Cooperative Education an arm of the apex cooperative body NCUI organized a webinar on “Asset Classification and Provisioning as per New Guidelines of Reserve Bank of India” which was attended by scores of cooperators.
It is the first of its kind training program organized in the lockdown period through video conferencing, said NCUI Chief Executive N Satyanarayana.
44 participants from Madhya Pradesh, Chhattisgarh, Gujarat and Rajasthan participated in the program. The webinar was designed only for the cooperators associated with the banks spread in these states and the objective was to inform them about the new guidelines issued by apex bank in the current situation.
In the over 60-minute online session, experts from the banking sector informed the participants about the regulatory package announced by RBI due to Covid-19.
One of the faculty members, informed about the three-month moratorium given by the banks, how to do provision of NPA in the balance sheet and how provisions could actually be adjusted and other things.
Indian Cooperative also participated in the webinar. On the occasion, several participants asked questions which were answered by the experts very effectively. Participants lost no chance in clearing their doubts.
The participants appreciated the webinar and were satisfied with all the arrangements and the knowledge they gained through this one-day training program organized through video conferencing.
Besides, the NCCE is planning to organize a training program for the women, state cooperative unions and district cooperative unions through video conferencing. NCUI has also planned to conduct the three-day training program for the fertilizer cooperatives IFFCO and Kribhco officials in the coming days.