A State-level Task Force on Co-operative Urban Banks (TAFCUB) working under the direct control of Reserve Bank of India (RBI) was closely monitoring the affairs of the Urban Co-operative Banks, said RBI Regional Director A S Rao here today. Participating as chief guest at the 37th branch opening function of the A P Mahesh Co-operative Urban Bank Limited, a leading Multi State Scheduled Bank at Champapet, near here, Mr Rao said the compliance of regulatory norms and working of Urban Co-operative Banks has improved. The Directors of Urban Banks have also to update their knowledge on the guidelines issued by the Regulatory Authorities for better monitoring the affairs, Mr Rao said and added the unbanked areas still exist in the state and the bank managements should throw light on it, he suggested.
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