What is the minimum Statuatory Liquidity Ratio (SLR) for co-operative banks?
Urban co-operative banks are required to maintain a SLR equivalent to 25% of net demand and bank liabilities. What are weak urban co-operative banks? Urban co-operative banks are divided into weak and urban banks, based on certain parameters of their performance. India has a total of 261 weak banks at the end of June 2001. When is a co-operative bank classified as a weak one? A co-operative bank is classifed as a weak bank if its own funds get eroded to the extent of 25% or more by doubtful debts or if its overdues exceed 50% of outstanding loans and advances. Or else, if the bank fails to comply with minimum share capital norms. How many cases of fraud by co-operative banks were registered with the RBI? Between June 2000 and June 2001, 149 cases of fraud involving Rs 27 crore were registered with RBI. What is the punishment for a defaulting co-operative bank? According to RBI, the punishment differs on a case-to-case basis and is mutually agreed by the apex bank and the Registrar of C
