Meet on urban coop banking held

Srinagar, March 29: The fifth meeting of the state level task force on Urban Co-operative Banks was held at RBI Jammu office under the Chairmanship of Arnab Roy, Regional Director for Jammu and Kashmir (Chairman of TAFCUB). The meeting was attended by Co-Chairman M Abbas Dar, IAS, Registrar, Co-operative Societies, Jammu and Kashmir,  K.K.Saraf, General Manager, UBD, RBI, CO., Mumbai, H S Khitaulia, Deputy General Manager, UBD , RBI, Jammu. Chief Executive Officers of Citizen Cooperative Bank Ltd. Jammu, Devika Urban Cooperative Bank Ltd, Udhampur, Urban Co-operative Bank Ltd Islamabad and Kashmir Mercantile Co-operative Bank Ltd, Sopore also attended the meeting. The meeting reviewed the performance of the Urban Co-operative Banks in the Urban Banking Sector in the State. Opening of new branches by UCBs, imparting training to the staff of UCBs by RBI, complaints against CCBL and elections in CCBL along with latest policy developments were the major issues discussed in the meeting.

SLSC Meet at RBI Jammu

The 21st meeting of the State Level Security Committee (SLSC) was held on Tuesday at Reserve Bank of India, Jammu, under the chairmanship of B.R.Sharma, Financial Commissioner (Home), and Government of Jammu and Kashmir to deliberate upon the security scenario in the banking industry. The meeting was attended by Dr. B. Srinivas IGP (CID),   Arnab Roy, Regional Director, Jammu and Kashmir, Reserve Bank of India and senior officers from police department, Airport Authority of India, Railways, Fire and Emergency Services, BSNL, and controlling heads of all the banks. In his keynote address, the Chairman B.R.Sharma called upon all the stakeholders to address the security concerns of the banks and emphasized the need for proper functioning of security gadgets installed at banks. He regarded fake notes to be a major threat to the economy and urged all the stakeholders to intensify necessary actions to curb the menace. Arnab Roy, Regional Director, Jammu & Kashmir, RBI in his opening remarks highlighted the latest developments in the area of currency management.