Jammu Tawi, April 24
Department of Cooperative Bank Supervision (DCBS), RBI, Jammu conducted the 18th meeting of the Task Force on unlicensed District Central Cooperative Banks (DCCBs) in the J&K State on Monday in the conference hall of Reserve Bank of India, Jammu.
N K Sahu, Regional Director, Reserve Bank of India, Jammu and Kashmir State presided over the meeting.
The financial performance of the DCCBs / JKStCB was reviewed in the meeting. The other important issues relating to capital infusion in the DCCBs, adherence to KYC/ AML guidelines, etc. were also discussed.
N K Sahu, Regional Director highlighted the importance of DCCBs and JKStCB in rural development of the State. He emphasized that the strengthening of these banks is important for growth of cooperative sector in J&K. He impressed upon the officials of J&K Government for infusion of capital in the three DCCBs at an early date.
Vijay Kumar, CGM, NABARD emphasized that these banks must take sincere efforts for improving the management and internal control systems. The meeting concluded with vote of thanks by Sh. P.K. Jain, DGM, RBI.
Others who were present during the meeting included B A Bhat, RCS, J&K Government; Vijay Kumar, CGM, NABARD, Jammu; Sham Lal, Additional Secretary Co-operative Department, Showkat Hussain, Joint Director, Finance Department, Sandesh Kumar, Joint Registrar (Banking & Finance), Cooperative Societies,; MD/CEOs of the DCCBs and JK St CB viz.
The Jammu Central Cooperative Bank Ltd. (JCCB), Jammu; The Baramulla Central Cooperative Bank Ltd. (BCCB), Baramulla; The Anantnag Central Cooperative Bank Ltd. (ACCB), Anantnag and J&K State Cooperative Bank Ltd., Srinagar along with officers of RBI, DCBS, Jammu participated in the meeting.