Maharashtra State Cooperative Bank (MSCB), which is under administrators' rule since May 2011 after its board was dissolved by RBI for poor financial conditions, has turned black. From minus 1.50%, MSCB’s Capital to Risk (Weighted) Assets Ratio (CRAR) rose to 8.5% as on date and it is expected to increase to 12% in 2016-17. MSCB’s gross NPA of Rs 2,584.87 crore have come down to Rs 2,179.69 crore as on march 2012 which would be further reduced to Rs 1,600 crore by March 2013. The Bank aims to bring down gross NPA below 5% by 2016-17..................
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