Saturday, June 8, 2013

Nabard red alert to cooperatives on capital adequacy norm

........Capital adequacy norm prescribed by the Reserve Bank of India, the banking regulator, requires them to maintain capital at the level or Rs 4 for every Rs 100 lent. R. Amalorpavanathan, chief regional manager, Nabard Kerala office, told newspersons here that it was high time stakeholders and the State Government sat together to find a way out. June 30 is the deadline for meeting the first milestone of four per cent in the capital adequacy roadmap, he said..........

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